Raybac is about to go public.Its present shareholders own 500,000 shares.The new public issue will represent 800,000 shares.The shares will be priced at $25 to the public with a 4% spread.The out-of pocket costs will be $450,000.What is the net proceeds to the firm?
A) $18,750,000
B) $19,200,000
C) $18,250,000
D) $19,550,000

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The Answer of Raybac is about to go public.Its present shareholders own 500,000 shares.The new public issue will represent 800,000 shares.The shares will be priced at $25 to the public with a 4% spread.The out-of pocket costs will be $450,000.What is the net proceeds to the firm?
A) $18,750,000
B) $19,200,000
C) $18,250,000
D) $19,550,000

Raybac Is About to Go Public