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

 Roundtree Software is going public using an auction IPO. The firm

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.40 14.20 14.00 Number of Shares 100,000 260,000 520,000 1,200,000 1,260,000 800,000 460,000 13.80 13.60 13.40 13.20 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 472,000 shares (for a total of 2,572,000 shares), how much total money will it raise? Roundtree will raise a total amount of $ million. (Round to one decimal place.)

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!