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IPO pricing: Trajax, Inc., a high-technology firm in Portland, raised a total of $91 million in an IPO. The company received $27 of the $33 per share offering price. The firmÃ¢â‚¬â„¢s legal fees, SEC registration fees, and other out-of-pocket costs were $450,000. The firmÃ¢â‚¬â„¢s stock price increased 17 percent on the first day of trading. What was the total cost of issuing the securities?
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