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 (S) 14.20 14.00 13.80 13.60 13.40 13.20 13.00
Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (S) 14.20 14.00 13.80 13.60 13.40 13.20 13.00 Number of Shares 100,000 220,000 500,000 1,300,000 1,220,000 860,000 400,000 Assuming Roundtree would like to sell 2.12 million shares in its IPO, what will be the winning auction offer price? The price will be Sper share. (Round to the nearest cent.)
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