6. The market for common stock Aa Aa Type of offering When a company issues stock or shares to the public for the first time, it is referred to as ary an initial public offering Initial Public Offering performance When the demand for an initial public offering (IPO) of securities exceeds the number of securities issued, the offering is deemed to be O Oversubscribed O Undersubscribed Indigo Inc. is going public and issuing 15D, ODD shares of common stock. The capital raised in the IPO will fund the company's proposed expansion. A Dutch auction is used to allocate shares in the Indigo IPO. The following table shows the number of shares requested by pobential investors in each row Number of Shares Requested 50,000 100,00D 150,000 200,0DD 250,0DD 300,0DD Price per Share Bids Bidder 1 Bidder # 2 Bidder # 3 Bidder 4 Bidder # 5 Bidder 6 $51 What should be the firm's IPO offer price? O $53 56 O $58 O $57 O $59