Question
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 100 comma 000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
Price ($) | Number of Shares |
14.00 |
100 comma 000
13.80 |
260 comma 000
13.60 |
500 comma 000
13.40 |
1 comma 200 comma 000
13.20 |
1 comma 260 comma 000
13.00 |
860 comma 000
12.80 |
440 comma 000
Roundtree had previously believed it would issue
2 comma 100 comma 000
shares; however, if Roundtree decides to issue an extra
481 comma 000
shares (for a total of
2 comma 581 comma 000
shares), how much total money will it raise?
Roundtree will raise a total amount of
$nothing
million.(Round to one decimal place.)
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