The company collects the proceeds of
the IPO after expenses, which include regulatory fees and often a hefty cut to an investment banker.
Not exact matches
Says Mir Aamir, the company's chief financial and chief operating officer, the losses were related to stock - based compensation, a standard
expense after an
IPO.
After a blank - check company pays for the
IPO and other
expenses, the remaining proceeds are put into a trust to pay for an acquisition, which typically must occur within 24 months of the
IPO.