Snowflake Inc (SNOW) is a publicly traded company on NYSE exchange. Answer the following questions regarding SNOW:
a)When did the company go public and who were the lead underwriters? (1 marks)
b)What was the IPO offering price per share? (1 marks)
c)What was the opening price and what was the closing price on the opening day? (1 marks)
d)SNOW was able to sell 36.4 million shares at the IPO price. Underwriting fees amounted to $106 million. Calculate the percentage spread charged by the underwriters. (2 marks)
e)How much money was left at the table ($ amount of underpricing)? (2 marks)
f)What is the 52 week and high and the 52 week low price for this stock? (1 marks)
g)What is the Earning per share (EPS) for SNOW? Based on the value of EPS, why would an individual want to invest in SNOW? (2 marks)
Blossom Inc. is offering 1,320 shares of stock in a Dutch auction. The bids include:
| Bidder | Quantity | Price |
| A | 300 | $16 |
| B | 500 | $22 |
| C | 650 | $20 |
| D | 200 | $18 |
| E | 350 | $21 |
a)How much cash will Blossom receive from selling these shares? Ignore all transaction and flotation costs. Show your work. (4 marks)
b)How many shares will each bidder receive? (6 marks)