Round tree software is going public using an auction ipo, Ask an Expert

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

Price ($) Number of Shares

14.00 140,000

13.80 220,000

13.60 580,000

13.40 1,000,000

13.20 1,240,000

13.00 800,000

12.80 420,000

Assuming Roundtree would like to sell 1.94 million shares in its IPO, what will be the winning auction offer price?

(Round to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92873255

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