Question: Innetech Software, Inc. and its underwriter are executing an IPO through a Dutch auction. The underwriter has received the following bids from interested investors. The

Innetech Software, Inc. and its underwriter are executing an IPO through a Dutch auction. The underwriter has received the following bids from interested investors. The firm plans to offer 205 million shares. What will the offering price be? ENTER YOUR ANSWER WITHOUT THE DOLLAR SIGN.

Bidder	Quantity	Price
1	65 million shares	$55.75
2	48 million shares	$55.50
3	87 million shares	$55.00
4	2 million shares	$54.50
5	42 million shares	$54.25
6	55 million shares	$54.25
7	63 million shares	$54.00
8	50 million shares	$54.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

QUESTION 15 4.38 points Save Answer Innetech Software, Inc. and its underwriter are executing an IPO through a Dutch auction. The underwriter has received the following bids from interested...

Floogal, Inc. and its underwriter are executing an IPO through a Dutch auction. The underwriter has received the following bids from interested investors. The firm plans to offer 15 million shares....

1. What are the advantages and disadvantages of Rosetta Stone going public? 2. What do you think the current value of a share of Rosetta Stone is (at the time of the case)? Justify your valuation on...

. What are the advantages and disadvantages of Rosetta Stone going public? 2. What do you think the current value of a share of Rosetta Stone is (at the time of the case)? Justify your valuation on a...

I need help with how to do a DCF analysis for this Spotify case. Please can you show the explanation of the steps Thank you A. Using the information provided, what should SPs shares be trading at on...

ZOS KITCHEN CASE DISCUSSION 1. What has made Zos Kitchen successful so far? Briefly describe the key elements of Zos Kitchens business model that have contributed to its success. 2. From the point of...

What source of competitive advantage does eBay have, and is that position supported by its resources and assets? 250 and over words in total CASE 13 players such as Yahoo and Amazon posed a major...

I need help from a Financial expert who is very familiar with exchange rate exposure & payout policy.I will adjust the price as you suggest. For some reason I am not able to do it here. Please be...

Use the information for the question(s) below. You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 2 million shares of stock....

MaDonna's has just completed an initial public offering. The firms sold 6 million shares at an offer price of $16 per share. The underwriting spread was $.50 per share. The price of the stock closed...

Dr. Cliff Payne purchased and placed in service $612,085 of new fixed assets in his dental practice during the current year. Office furniture and fixtures $ 70,000 Computers and peripheral equipment...

A Balanced Scorecard expresses the complete story of a companys strategy through an integrated set of financial and nonfinancial measures that are both predictive and historical and which may be...

In the Lab Design and implement a solution using creative thinking and problem - solving skills. Determining the Break - Even Point Problem: You have been hired by Dominic Manero, owner of a small...

What type of language should a writer use in their business plan? a . casual b . common c . lengthy d . technojargon

In keeping with #1, now take conscious notice of the nonverbal behavior of others, especially persons not from your native culture. What about their eye contact, touch and spatial patterns, smell,...

In India, parents placing newspaper ads that solicit a potential spouse for their son or daughter is not uncommon. How would you feel if your parents did that for you? And how different is that from...

One of your close friends has fallen in love with someone of a different race. Your friend plans to get married, but his or her parents will not allow it. What do you think? Should your friends...