Question: Roundtree Software is going public using an auction IPO. The firm has received the following? bids: Price? ($) Number of Shares 15.00 ??100,000 14.80 ??260,000
Roundtree Software is going public using an auction IPO. The firm has received the following? bids:
| Price? ($) | Number of Shares |
| 15.00 | ??100,000 |
| 14.80 | ??260,000 |
| 14.60 | ??560,000 |
| 14.40 | 1,150,000 |
| 14.20 | 1,240,000 |
| 14.00 | ??840,000 |
| 13.80 | ??440,000 |
Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 520,000 shares? (for a total of 2,620,000
shares), how much total money will it? raise?
Roundtree will raise a total amount of $----- million.
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