Question: 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

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: 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 1,300,000 820,000 440,000 13.80 million. (Round to one decimal Roundtree will raise a total amount of $ place.)

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