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Roundtree Software is going public using an auction IPO. The firm has received the followingbids: Price($) Number of Shares 14.00 100,000 13.80 200,000 13.60 500,000
Roundtree Software is going public using an auction IPO. The firm has received the followingbids:
Price($)
Number of Shares
14.00
100,000
13.80
200,000
13.60
500,000
13.40
1,000,000
13.20
1,200,000
13.00
800,000
12.80
400,000
Roundtree had previously believed it would issue 1,800,000 shares; however, if Roundtree decides to issue an extra 500,000 shares(for a total of 2,300,000 shares), how much total money will itraise?
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