Question
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 160,000 14.80 240,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
| Price ($) | Number of Shares |
| 15.00 | 160,000 |
| 14.80 | 240,000 |
| 14.60 | 540,000 |
| 14.40 | 1,100,000 |
| 14.20 | 1,280,000 |
| 14.00 | 820,000 |
| 13.80 | 440,000 |
Assuming Roundtree would like to sell 2.04 million shares in its IPO, what will be the winning auction offer price?
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A Full Guide To Bitcoin Investment
Authors: J.b. Yupangco
1st Edition
8389911302, 978-8389911308
