Question
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $15.00 140,000 14.80 260,000 14.60
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares
$15.00 140,000
14.80 260,000
14.60 560,000
14.40 1,300,000
14.20 1,220,000
14.00 800,000
13.80 400,000
Assuming Roundtree would like to sell 2.26 million shares in its IPO, what will the winning auction offer price be?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
