Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14 80 14.60 14.40 14.20 14.00 13.80

Roundtree Software is going public using an auction IPO. The firm has received the following bids:

Price ($)

14 80

14.60

14.40

14.20

14.00

13.80

13.60

Number of Shares

100,000

280.000

580,000

1,300,000

1,260. 000

840.000

420,000

Assuming Roundtree would like to sell 2.26 million shares in its IPO, what will be the winning auction offer price?

The price will be $

per share. (Round to the nearest cent.)

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Assuming Roundtree would like to sell 2.26 million shares in its IPO, what will be the winning auction offer price? The price will be $ per share: (Round to the nearest cent.)

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 Accounting Questions!

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) 14.80 14.60 14.40 14.20 14.00 13.80 13.60 Number of Shares 180.000 200,000 540,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 140,000 280,000 520,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 140,000 260,000 560,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 100,000 240,000 520,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 180,000 220,000 520.000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 120,000 260,000 560,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number Shares 160,000 220,000 560,000 1,200,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 120,000 220,000 540,000...

Roundtree Software is going public using an auction IPO. The firm has received the following bids Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 13.80 Number of Shares 140,000 220,000 560,000...

York's outstanding shares consist of 80,000 shares of 7.5% non-cumulative preferred stock with a par value of $5 and also 190,000 shares of common stock with a par value of $1.During its first four...

In this lab, you will be using a force table to combine several different force vectors. The table will allow us to vary the directions and magnitudes of up to four different forces so that we can...

4 . A group of hunters has offered to pay you \ ( \ $ 1 2 \ ) per acre per year for hunting rights on your property. The hunters are willing to sign an agreement for 5 years. If your hunting lease...

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

At 50 per box, our std. contract forms are $9 a box, and our warranty forms are $7.95 a box.

Whenever you can come, professor, our employees will greatly enjoy your presentation.

She received her master of business administration degree from the university of michigan.