Question
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 180,000 14.80 280,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
| Price ($) | Number of Shares |
| 15.00 | 180,000 |
| 14.80 | 280,000 |
| 14.60 | 520,000 |
| 14.40 | 1,300,000 |
| 14.20 | 1,240,000 |
| 14.00 | 880,000 |
| 13.80 | 460,000 |
Assuming Roundtree would like to sell 2.28 million shares in its IPO, what will be the winning auction offer price?
The price will be __ per share. (Rou
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The Budget Building Book For Nonprofits
Authors: Murray Dropkin, Jim Halpin, Bill La Touche
2nd Edition
0787996033, 978-0787996031
