Below are the results of a Dutch auction for an IPO of Bagels Bagels, a trendy bagel
Question:
Below are the results of a Dutch auction for an IPO of Bagel’s Bagels, a trendy bagel and coffee shop chain. Bagel’s is offering 50 million shares.
a. What will be the clearing price?
b. How many shares will each bidder receive if Bagel’s allocates shares on a pro rata basis to all the successful bidders?
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Bidder Bid price Number of Shares Matthew 5025 15 million Kevin 4975 20 million Amy 4945 20 million ...View the full answer
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Related Book For 
Introduction to Finance Markets, Investments and Financial Management
ISBN: 978-1119398288
16th edition
Authors: Ronald W. Melicher, Edgar A. Norton
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