Roundtree software is going public using an auction ipo the, Financial Management

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Roundtree software is going public using an auction ipo the

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

Price? ($) Number of Shares

14.60 140,000

14.40 280,000

14.20 540,000

14.00 1,200,000

13.80 1,240,000

13.60 860,000

13.40 440,000

Assuming Roundtree would like to sell 2.16 million shares in its? IPO, what will be the winning auction offer? price?

The price will be ?$ per share. ? (Round to the nearest? cent.)

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Financial Management: Roundtree software is going public using an auction ipo the

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Financial Management: Roundtree software is going public using an auction ipo the

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