Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 15.00 14.80 14.60 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 ($) 15.00 14.80 14.60 Number of Shares 100,000 200,000 580,000 1,300,000 1,200,000 860,000 460,000 14.40 14.20 14.00 13.80 Assuming Roundtree would like to sell 2.18 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 Finance Questions!

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...

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

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.60 140 comma 000 14.40 220 comma 000 14.20 540 comma 000 14.00 1 comma...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 100 comma 000 13.80 260 comma 000 13.60 500 comma 000 13.40 1 comma...

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 160,000 14.80 280,000 14.60 500,000 14.40 1,100,000 14.20 1,250,000...

1. What are the advantages and disadvantages of Rosetta Stone going public? 2. What do you think the current value of a share of Rosetta Stone is (at the time of the case)? Justify your valuation on...

. What are the advantages and disadvantages of Rosetta Stone going public? 2. What do you think the current value of a share of Rosetta Stone is (at the time of the case)? Justify your valuation on a...

Sent Need the answers for that whole question paper True or false questions (25) has any effect SECTION TRUE OR FALSE QUESTION (40 Marks) The following questions indicate if it's True or False. Each...

i really need help, please help me,I need get them done before 9:00pm tonight.I will thumb up. Thank you so much 2020 State of Nebraska Payroll Project Bugeater's Corporation Federal EIN: 47-9876543...

may someone help me this please! I will put the thumb up 2020 State of Nebraska Payroll Project Bugeater's Corporation Federal EIN: 47-9876543 Nebraska ID: 20-658790 Nebraska Unemployment Account...

Pronghorn planned to produce 6500 units but only produced 5800 for the current year. The company had a beginning inventory of 370 units with a variable manufacturing cost of $10 per unit. Budgeted...

From records it has kept for several years, the Bonton Boutique has established the following frequency distribution for daily sales volume: Sales Volume 0 to $100 $100 to $200 $200 to $300 $300 to...

Suppose that 6 - month, 1 2 - month, 1 8 - month, and 2 4 - month zero rates continuously compounded are 0 . 0 4 , 0 . 0 5 , 0 . 0 2 , and 0 . 0 3 per annum, respectively. Estimate the cash price of...

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".