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Category > Business & Finance Posted 01 Jun 2017 My Price 11.00

Roundtree Software is going public using an auction IPO.

    1. Roundtree Software is going public using an auction IPO. The firm has received the following bids:

Price ($) Number of Shares

 

14.00

100,000

13.80

200,000

13.60

500,000

13.40

1,000,000

13.20

1,200,000

13.00

800,000

12.80

400,000

 

Assuming Roundtree would like to sell 1.8 million shares in its IPO, what will the winning auc- tion offer price be?

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Status NEW Posted 01 Jun 2017 06:06 AM My Price 11.00

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