Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.80 120,000 14.60 240,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($) | Number of Shares |
14.80 | 120,000 |
14.60 | 240,000 |
14.40 | 560,000 |
14.20 | 1,300,000 |
14.00 | 1,240,000 |
13.80 | 860,000 |
13.60 | 400,000 |
Assuming Roundtree would like to sell
2.22
million shares in its IPO, what will be
The price will be ???? per share.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started