Roundtree Software is going public using an auction IPO. The firm has received the following bids:Number of SharesPrice ($)14.4014.2014.0013.8013.6013.4013.20160,000220,000520,0001,300,0001,260,000880,000420,000Assuming Roundtree would like to sell 2.20 million shares in its IPO, what will be the winning auction offer price?The price will be $per share. (Round to the nearest cent.)

First lets; understand what the winning auction offer price is. It is this price at and above which,…

Answered: Roundtree Software is going public…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 4TP: On November 7, 2013, Twitter released its initial public offering (IPO) priced at $26 per share....

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Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $84.35 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $18.05 and the underwriter’s spread was $1.30. Hughes also paid legal and other administrative costs of $2.75 million for the IPO. Calculate the number of shares issued through this IPO. (Enter your answer in millions. Round your answer to 2 decimal places.)
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