6. The market for common stock Type of offering When a company issues stock or shares to the public for the first time, it is referred to as Initial public offering performance When the demand for an inital public offering (TPO) of securities is less than the number of securities issued, the offering is deemed to be: Oversubsaibed Undersubscribed WaC inc. Is going poblic and issuing 500,000 shares of conmon stock. The capital raised in the 1P0 will fund the company's proposed expansion. A Dutch muction is used to allocate shares in the WAC PO. The following table shows the number of shares reguested by potential investors in each row. What should be the firm's IPO offer price? $56 $59 $58 $54 6. The market for common stock Type of offering When a company issues stock or shares to the public for the first time, it is referred to as Initial public offering performance When the demand for an inital public offering (TPO) of securities is less than the number of securities issued, the offering is deemed to be: Oversubsaibed Undersubscribed WaC inc. Is going poblic and issuing 500,000 shares of conmon stock. The capital raised in the 1P0 will fund the company's proposed expansion. A Dutch muction is used to allocate shares in the WAC PO. The following table shows the number of shares reguested by potential investors in each row. What should be the firm's IPO offer price? $56 $59 $58 $54