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 ($) Number of Shares 14.60 140 comma 000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($) | Number of Shares |
14.60 |
140 comma 000
14.40 |
220 comma 000
14.20 |
540 comma 000
14.00 |
1 comma 200 comma 000
13.80 |
1 comma 240 comma 000
13.60 |
860 comma 000
13.40 |
400 comma 000
Assuming Roundtree would like to sell
2.10
million shares in its IPO, what will be the winning auction offer price?
The price will be
$nothing
per 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