Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming
Question:
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Assuming Roundtree would like to sell 1.92 million shares in its IPO, what will the winning auction offer price be?
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Price ($) 14.80 14.60 14.40 14.20 14.00 13.80 13.60 Number of Shares 160,000 260,000 500,000 1,000,000 1,200,000 880,000 420,000
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Related Book For
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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