7. Roundtree Software is going public using an auction IPO. The firm has received the following bids:
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7. Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($)
Number of Shares 14.00 100,000 13.80 200,000 13.60 500,000 13.40 1,000,000 13.20 1,200,000 13.00 800,000 12.80 400,000 Assuming Roundtree would like to sell 1.8 million shares in its IPO, what will be the winning auction offer price?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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