Mountain Mining recently used a firm commitment agreement to go public. The company sold 4.3...
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Mountain Mining recently used a firm commitment agreement to go public. The company sold 4.3 million shares to the underwriter at a price of $18 per share. The underwriter set the initial offering price at $23.8 per share, and the stock rose to $26.75 per share in the first day of trading. Mountain Mining paid $956,800 in direct legal and other costs and incurred $443,000 in indirect costs. What was total issuance costs
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