Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 140,000 13.80 220,000
Roundtree Software is going public using an auction IPO. The firm has received the following bids:
| Price ($) | Number of Shares |
| 14.00 | 140,000 |
| 13.80 | 220,000 |
| 13.60 | 580,000 |
| 13.40 | 1,100,000 |
| 13.20 | 1,250,000 |
| 13.00 | 840,000 |
| 12.80 | 400,000 |
Roundtree had previously believed it would issue
2,000,000
shares; however, if Roundtree decides to issue an extra
456,000
shares (for a total of
2,456,000
shares), how much total money will it raise?
Roundtree will raise a total amount of
$enter your response here
million.
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