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IPO F is an auction IPO seeking to issue 1 million shares. The following bid just placed by prospective investors. What is the best estimate

IPO F is an auction IPO seeking to issue 1 million shares. The following bid just placed by prospective investors. What is the best estimate for the expected offer price of the IPO?

Price - $16, $15, $14, $13, $12, $11, $10, $9, $8 Shares Bid (thousands) - 70, 90, 110, 100, 160, 180, 210, 250, 400

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