Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 180,000 14.80 280,000

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

Price ($)

Number of Shares

15.00

180,000

14.80

280,000

14.60

520,000

14.40

1,150,000

14.20

1,250,000

14.00

820,000

13.80

460,000

Roundtree had previously believed it would issue

2,100,000

shares; however, if Roundtree decides to issue an extra

482,000

shares (for a total of

2,582,000

shares), how much total money will it raise?

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!

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ( $ ) Number of Shares 1 4 . 8 0 1 0 0 comma 0 0 0 1 4 . 6 0 2 6 0 comma 0 0 0 1 4 . 4 0 5 8 0...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 180,000 14.80 280,000 14.60 520,000 14.40 1,300,000 14.20 1,240,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 100,000 14.80 200,000 14.60 540,000 14.40 1,000,000 14.20 1,280,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 180,000 14.80 220,000 14.60 520,000 14.40 1,300,000 14.20 1,240,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 160,000 14.80 240,000 14.60 540,000 14.40 1,100,000 14.20 1,280,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $15.00 140,000 14.80 260,000 14.60 560,000 14.40 1,300,000 14.20 1,220,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $15.00 140,000 14.80 220,000 14.60 560,000 14.40 1,300,000 14.20 1,240,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following? bids: Price? ($) Number of Shares 15.00 ??100,000 14.80 ??260,000 14.60 ??560,000 14.40 1,150,000 14.20...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 120,000 14.80 240,000 14.60 520,000 14.40 1,100,000 14.20 1,250,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 140,000 14.80 280,000 14.60 540,000 14.40 1,200,000 14.20 1,260,000...

Q:

Dilution is the process whereby the concentration of a solution is lessened by the addition of solvent. The relation between the concentrations of the solution at two different volumes is as follows....

Q:

Describe a compensation strategy for an organization. If you are familiar with your current job, former job, or another position you will be putting together your work in the project prep into an...

Q:

Example of Investment Rules Compute the IRR, NPV , PI , and payback period for the following two projects. Assume the required return is 1 5 % .

Q:

help! At December 31,2025 , Cheyenne Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,884,200. May 1 Sold...