Assume UBER makes 1,000,000 shares available to investors through a Dutch Auction IPO. The following orders...
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Assume UBER makes 1,000,000 shares available to investors through a Dutch Auction IPO. The following orders have been listed below. What is the IPO price? How many shares does each investor get? Jenelyn Ronke Missy Rachel Grace Monita Crystal ● Investor Bid Amount $475,000 $3,500 $1,500 $1,125 $675 $425 $350 What is the IPO price? How many shares does each investor get? How much money does UBER get? 345,486 275,684 115,358 325,132 65,358 115,724 950,125 Bid Shares Assume UBER makes 1,000,000 shares available to investors through a Dutch Auction IPO. The following orders have been listed below. What is the IPO price? How many shares does each investor get? Jenelyn Ronke Missy Rachel Grace Monita Crystal ● Investor Bid Amount $475,000 $3,500 $1,500 $1,125 $675 $425 $350 What is the IPO price? How many shares does each investor get? How much money does UBER get? 345,486 275,684 115,358 325,132 65,358 115,724 950,125 Bid Shares
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To determine the IPO price using a Dutch Auction we need to arrange the bids in descending order bas... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
Posted Date:
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