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

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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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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Oct 21, 2024 11:00 AM

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

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Fundamentals Of Corporate Finance

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