Question: Roundtree Software is going public using an auction IPO. The firm has received the following Price Number of Shares $15.00 100,000 $14.80 280,000 $14.60 540,000

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

Price Number of Shares

$15.00 100,000

$14.80 280,000

$14.60 540,000

$14.40 1,000,000

$14.20 1,220,000

$14.00 820,000

$13.80 480,000

The Price will be $_______ per share (Round to two decimal place

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: Number of Shares Price ($) 15.00 14.80 14.60 14.40 14.20 14.00 160,000 240,000 500,000 1,150,000...

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:

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 15.00 180,000 14.80 280,000 14.60 520,000 14.40 1,300,000 14.20 1,240,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 15.00 180,000 14.80 220,000 14.60 520,000 14.40 1,300,000 14.20 1,240,000...

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 14.80 240,000 14.60 540,000 14.40 1,100,000 14.20 1,280,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $15.00 140,000 14.80 260,000 14.60 560,000 14.40 1,300,000 14.20 1,220,000...

Q:

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price Number of Shares $15.00 140,000 14.80 220,000 14.60 560,000 14.40 1,300,000 14.20 1,240,000...

Q:

Score: 0 of 1 pt Bof 22 (8 completo) HW Score: P 14-8 (similar to) Roundtree Software is going public using an auction IPO The firm has received the following bids Price (5) Number of Shares 1480...

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 13.80 180,000 220,000 540,000...

Q:

Find v(t) and i(t) in the circuit of Fig. 7.115. 20

Q:

As one of the top five coffee buyers in the world, Starbucks actions have significant influence over the industry as a whole, but have also been a source of negative publicity for the company in the...

Q:

What is the most likely reason why overall productivity was down in March?

Q:

In 1997, many East Asian currencies suddenly and dramatically devalued. What is the percentage change in value of a $50 million investment in Indonesia when the exchange rate changes from $1 = 2,000...

Q:

During June, Agron Inc. purchases of direct materials totaled $119,000; direct labor for the month was 3,400 hours at $10.00 per hour. Agron also incurred the following overhead costs: utilities,...

Q:

Zephyr Chemical Companys production process for two of its solvents can be diagrammed as follows: The cost of the joint input, including processing costs before the split-off point, is $100,000....

Q:

Samantha, an accrual basis taxpayer, subscribes to a service that updates a database used in her business. In December 2014, Samantha paid the $120,000 subscription for the period January 2014...

Q:

Consider the following data for two products of Gitano Manufacturing. Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for...

Q:

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Q:

Explain how you would measure performance of the production cycle at AB Hi-Fi: specifically: (a) What metrics would you would use to measure performance? (b) For each metric, explain where you would...

Q:

(a) Identify and describe the technologies that AB Hi-Fi uses in its production cycle activities. (b) For each of these technologies you identified in part (a), how well does AB Hi-Fi use the...

Q:

(a) AB Hi-Fi has adopted a differentiation strategy. Its overall plan is to establish highly distinctive brand awareness and so gain market share through customer loyalty. How well does the current...