Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price

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Roundtree Software is going public using an auction IPO. The firm has received the following bids:

Price ($) Number of Shares 14.40 120,000 14.20 200,000 14.00 540,000 13.80 1,200,000 13.60 1,200,000 13.40 800,000 13.20 400,000 Assuming Roundtree would like to sell 2.06 million shares in its IPO, what will the winning auction offer price be?

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Corporate Finance

ISBN: 9781292304151

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 16, 2024 04:32 AM

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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price

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Corporate Finance

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