Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) Number of Shares 15.00 140,000 14.80 280,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price (S) Number of Shares 15.00 140,000 14.80 280,000 14.60 560.000 14.40 1.200,000 14.20 1,280,000 14.00 840,000 13.80 460,000 Roundtreo had previously believed it would issue 2.200.000 shares; however, it Roundtree decides to issue an extra 546,000 shares (for a total of 2,746,000 shares), Roundtree will raise a total amount of $ million (Round to one decimal place)
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