Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids : 4 Price ($) Number of Shares 14.40 160,000

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 : 4 Price ($) Number of Shares 14.40 160,000 14.202 260,000 14.00 500,000 13.80 1,200,000 13.602 1,280,000 13.40 860,000 13.204 420,000 1. What is an Auction IPO?- 2. Compared to firm Commitment IPO, what is the advantage of the Auction IPO?- 3. Assuming Roundtree would like to sell 2.12 million shares in its IPO, what will be the winning auction offer price? Please explain the answer. |

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