Issuing securities.??Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 4.3% commission fee. The SEC has authorized Wayne 5,230,000shares for this issue. He plans to keep 1,030,000shares for? himself, hold back an additional 160,000shares according to the? green-shoe provision for Berkman Investment? Bank, pay off Venture Capitalists with 480,000?shares, and sell the remaining shares at

?$15.35a share. Given the bids at the auction? (shown on the table? here: (pictured attached), distribute the shares to all bidders using a? pro-rata share? procedure, and assume Berkman Investment Bank takes its? green-shoe shares. What is the total cash flow to Wayne after the? sale? To Berkman Investment?Bank?

How many shares does each bidder get? What is the total cash flow to Wayne after the sale? What is the total cash flow to berkman investment bank after the sale?

able Quantity Bid 2,040,000 1,290,000 580,000 450,000 350,000 4,710,000 Bidder Gotham Pension Fund Clark Kent Investors Central City Insurance Arthur Curry Barry Allen Total Print Done Clear A