Question
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
Assuming Roundtree would like to sell 1.80 million shares in itsIPO, what will the winning auction offer pricebe?
The price will be $
nothing
per share.
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Cambridge IGCSE And O Level Accounting Coursebook
Authors: Catherine Coucom
2nd Edition
1316502775, 978-1316502778
