In its IPO,Jillian's Imprints,a small publishing house,offered stock at a price of $8.00 per share.The underwriters of this IPO had a spread of 6.5% per share.If 2 million shares were sold,what funds did Jillian's receive from the IPO?

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The underwriters' spread is 6.5% of $8.00, which is $0.52 per share. Therefore, Jillian's receives $8.00 - $0.52 = $7.48 per share. For 2 million shares, Jillian's receives 2,000,000 * $7.48 = $14.96 million.

In Its IPO,Jillian's Imprints,a Small Publishing House,offered Stock at a Price