For smaller IPOs,direct expenses as a percentage of total proceeds is _______.

Name: For smaller IPOs,direct expenses as a percentage of total proceeds is _______.
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For smaller IPOs, the direct expenses involved in the offering, such as legal and underwriting fees, are typically proportionately higher. This means that direct expenses as a percentage of total proceeds are greater for smaller IPOs, compared to larger ones that have economies of scale.

For Smaller IPOs,direct Expenses as a Percentage of Total Proceeds