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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.40 14.20 14.00 Number of Shares 100,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.40 14.20 14.00 Number of Shares 100,000 260,000 520,000 1,200,000 1,260,000 800,000 460,000 13.80 13.60 13.40 13.20 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 472,000 shares (for a total of 2,572,000 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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