Question
Biscuits had a great IPO success. The firm offered 100 million shares. Bids appear below Bidder Bid Price # of shares Manahan. $25.25 25 million
Biscuits had a great IPO success. The firm offered 100 million shares. Bids appear below
Bidder Bid Price # of shares
Manahan. $25.25 25 million
Campbell. $24.95 30 million
Mahoney. 24. 75 25 million
Touma 24. 40 10 million
Clark 24.40 30 million
fry 24.25 15 million
what is the clearing price?
what options do boneyard and its underwriters have for allocating shares? How many shares will each bidder receive under each option?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
