What will be the winning auction offer price

Assignment Help Financial Management

Reference no: EM132036604

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.)

Reference no: EM132036604

Questions Cloud

Perform NPV calculation : Jane is unhappy with her current salary and is considering doing a two-year MBA. Perform NPV calculation.

Draw the roic tree and discuss its structure : Draw the ROIC tree and discuss its structure. Use this tree to compute the current ROIC?

Best-case and worst-case values for each of the projections : What are the best-case and worst-case values for each of the projections?

Achieved arithmetic average annual rate of return : Jackson and Juliette have each achieved an arithmetic average annual rate of return on their investments of 6% over the last 5 years.

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

Total value of the firm with leverage and without leverage : What is the difference between the total value of the firm with leverage and without leverage?

Assume perfect capital markets : It is considering a leveraged recapitalization in which it would borrow and repurchase existing shares. Assume perfect capital markets.

What is the firm effective cost of borrowing : What is the firm's effective cost of borrowing assuming all accounts are collected in full?

Food truck to collect payment for its services : The average accounts receivable balance is $41,700. On average, how long does it take this food truck to collect payment for its services?

User Account

All Pages