Hi there sir thanks really appreciate your help Roundtree Software is going public using an auction IPO. The firm has received the following bids:Number of Shares160,000260,000580,0001,300,0001,240,000880,000480,000Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be?Price$15.0014.8014.6014.4014.2014.0013.80The price will be $per share. (Round to two decimal places.)

An auction IPO (Initial Public Offering) is a method of offering shares to the public where the…

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares 160,000 260,000 580,000 1,300,000 1,240,000 880,000 480,000 Price $15.00 14.80 14.60 14.40 14.20 14.00 13.80 Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be?

Roundtree Software is going public using an auction IPO. The firm has received the following bids: Number of Shares 160,000 260,000 580,000 1,300,000 1,240,000 880,000 480,000 Price $15.00 14.80 14.60 14.40 14.20 14.00 13.80 Assuming Roundtree would like to sell 2.30 million shares in its IPO, what will the winning auction offer price be?

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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