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Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.80 14.60 14.40 14.20 14.00 13.80 13.60
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.80 14.60 14.40 14.20 14.00 13.80 13.60 Number of Shares 180,000 260,000 500,000 1,000,000 1,300,000 820,000 400,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 500,000 shares (for a total of 2,400,000 ! Roundtree will raise a total amount of million. (Round to one decimal place.)
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