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Your second option to raise funding is to go public with an IPO. To do this, you can either use an Auction IPO or a

Your second option to raise funding is to go public with an IPO. To do this, you can either use an Auction IPO or a tirm commitment IPO. You
decide to run the scenario for both options.
You put your feelers out to get an idea of the bids you could receive if you choose to use an auction IPO. You would like to sell 1 million shares
in the company. The information you receive reveals the following soft offers.
Based on this data, what would be the auction offer price per share?
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