Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.00 13.80 13.60 13.40 13.20 13.00 12.80

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.00 13.80 13.60 13.40 13.20 13.00 12.80 Number of Shares 100,000 220,000 580,000 1,150,000 1,250,000 820.000 400.000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 537,000 shares (for a total of 2,637,000 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
Get step-by-step solutions from verified subject matter experts
