The Market For Common Stock Type Of Corporation Dernham Inc. Recently Raised Capital Through An Initial Public
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Requested 50,000 Price per Share $56 Bidder #1 Indigo Inc. is going public and issuing 150,000 shares of common stock. The capital raised in the IPO will fund the company's proposed expansion. A Dutch auction is used to allocate shares in the Indigo IPO. The following table shows the number of shares requested by potential investors in each row. Bids Price per Share $56 Bidder #1 Bidder #2 54 Number of Shares Requested 50,000 100,000 150,000 200,000 250,000 300,000 Bidder #3 Bidder #4 52 50 Bidder #5 48 Bidder #6 46 What should be the firm's IPO offer price?
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