Question: Roundtree Software is going public using an auction IPO The firm has received the following bids Price ($) Number of Shares 1400 100,000 13.80 220.000
Roundtree Software is going public using an auction IPO The firm has received the following bids Price ($) Number of Shares 1400 100,000 13.80 220.000 13 60 580,000 13.40 1,000 000 13 20 1 250 000 13.00 800,000 12 80 460,000 Roundtree had previously believed it would issue 1,900,000 shares, however, if Roundtree decides to issue an extra 453,000 shares (for a total of 2 353,000 shares how much total money will it raise? Roundtree wit raise a total amount of smilion (Round to one decimal place)
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