Type of corporation Spordyne Inc. recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE. This company is referred to as: A closely held corporation O A publicly owned corporation Initial Public Offering performance When the demand for an initial public offering (IPO) of securities exceeds the number of securities issued, the offering is deemed to be: Oversubscribed Undersubscribed Indigo Inc. is going public and issuing 150,000 shares of common stock. The capital raised in the IPO will fund the company's proposed expansion. A Dutch auction is used to allocate shares in the Indigo IPO. The following table shows the number of shares requested by potential investors in each row. Bids Number of Shares Requested Price per Share Bidder # 1 50,000 $58 Bidder # 2 100,000 $56 Bidder #3 150,000 $54 Bidder # 4 200,000 $52 Bidder #5 250,000 $50 Bidder #6 300,000 $48 What should be the firm's IPO offer price? $54 $53 $51 0 $56