Question: Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40
Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) 14.60 14.40 14.20 14.00 13.80 13.60 13.40 Number of Shares 180,000 260,000 500,000 1,150,000 1,250,000 860,000 420,000 Roundtree had previously believed it would issue 2,100,000 shares; however, if Roundtree decides to issue an extra 538,000 shares (for a total of 2,638,000 Roundtree will raise a total amount of $ million (Round to one decimal place.)
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