Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.80 160,000 14.60 200,000

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

Price ($)

Number of Shares

14.80

160,000

14.60

200,000

14.40

540,000

14.20

1,000,000

14.00

1,220,000

13.80

880,000

13.60

400,000

Assuming Roundtree would like to sell 1.90 million shares in its IPO, what will be the winning auction offer price?

a) $14.00

b) $14.80

c) $14.20

d) $14.60

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 14.80 140,000 14.60 220,000 14.40 540,000 14.20 1,100,000 14.00 1,200,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids Price ($)Number of Shares 15.00 14.80 14.60 14.40 14.20 14.00 13.80 160,000 240,000 540,000 1,000,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.80 120,000 14.60 280,000 14.40 520,000 14.20 1,300,000 14.00 1,280,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.80 120,000 14.60 220,000 14.40 520,000 14.20 14.00 13.80 13.60...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.80 120,000 14.60 240,000 14.40 560,000 14.20 1,300,000 14.00 1,240,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.80 180,000 14.60 260,000 14.40 500,000 14.20 1,100,000 14.00 1,250,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.80 100,000 14.60 220,000 14.40 520,000 14.20 1,200,000 14.00 1,200,000...

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 14.80 280,000 14.60 500,000 14.40 1,100,000 14.20 1,250,000...

Q:

Question 12 12 pts Roundtree Software is going public using an auction IPO. The firm has received the following bids Price ($) Number of Shares 14.40 160,000 14.20 260,000 14.00 500,000 13. 1,200,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $14.80 140 comma 000 14.60 240 comma 000 14.40 520 comma 000 14.20 1 comma...

Q:

Distinguish between agency theory, stakeholder theory, and stewardship theory with respect to controlling the actions of managers.

Q:

How much CO 2 would we release into the atmosphere if we were to burn all of that coal? How much CO 2 would we release into the atmosphere if we were to burn all of that natural gas?

Q:

Hiyes and Jenkins formed a partnership, each conlrbuting assets to the buniness. Hayes contributed inventary ath a carent market value in excess of ts carying amount. Jenkins contrbuted real estate...

Q:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...