Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of
Posted: Sun Jul 03, 2022 12:56 pm
Roundtree Software is going public using an auction IPO. Thefirm has received the following bids:
Price ($)
Number of Shares
14.60
120,000
14.40
220,000
14.20
540,000
14.00
1,200,000
13.80
1,280,000
13.60
860,000
13.40
460,000
Roundtree had previously believed it would issue
2,100,000
shares; however, if Roundtree decides to issue an extra
522,000
shares (for a total of
2,622,000
shares), how much total money will it raise?
Question content area bottom
Part 1
Roundtree will raise a total amount of
$enter your response here
million. (Round to one decimal place.)
Price ($)
Number of Shares
14.60
120,000
14.40
220,000
14.20
540,000
14.00
1,200,000
13.80
1,280,000
13.60
860,000
13.40
460,000
Roundtree had previously believed it would issue
2,100,000
shares; however, if Roundtree decides to issue an extra
522,000
shares (for a total of
2,622,000
shares), how much total money will it raise?
Question content area bottom
Part 1
Roundtree will raise a total amount of
$enter your response here
million. (Round to one decimal place.)