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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) Number of Shares 14.80 160,000 14.60
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) Number of Shares 14.80 160,000 14.60 240,000 14.40 500,000 14.20 1,000,000 14.00 1,250,000 13.80 13.60 880,000 480,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 540,000 shares (for a total of 2,440,000 shares), how much total money will it raise? Roundtree will raise a total amount of $ million (Round to one decimal place.)
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