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
15.00
120,000
14.80
240,000
14.60
520,000
14.40
1,100,000
14.20
1,250,000
14.00
860,000
13.80
460,000
Roundtree had previously believed it wouldissue 2,000,000 shares; however, if Roundtree decides toissue an extra 494,000 shares (for a totalof 2,494,000 shares), how much total money willit raise? (Round to one decimal place)
Price ($)
Number of Shares
15.00
120,000
14.80
240,000
14.60
520,000
14.40
1,100,000
14.20
1,250,000
14.00
860,000
13.80
460,000
Roundtree had previously believed it wouldissue 2,000,000 shares; however, if Roundtree decides toissue an extra 494,000 shares (for a totalof 2,494,000 shares), how much total money willit raise? (Round to one decimal place)