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Indigo Inc. is going public and issuing 150,000 shares of common stock. The capital raised in the IPO will fund the company's proposed expansion. A

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Indigo Inc. is going public and issuing 150,000 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 potential investors in each row. Bids Bidder #1 Bidder #2 Bidder # 3 Bidder #4 Bidder #5 Bidder #6 Number of Shares Price per Requested Share 50,000 100,000 150,000 200,000 250,000 300,000 What should be the firm's IPO offer price? O $56 $57 O $53 OOOO 558

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