Solution-What will the ipo price, CNR is listed on the

What will the ipo price

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Reference no: EM133111195

CNR is listed on the stock exchange thanks to an open price offer (Dutch Auction). The investment bank in charge of the operation received the following buy orders:

Price of one action (in $)	Number of actions asked
39.0	50,000
38.5	25,000
38.2	25,000
38.0	100,000
37.5	125,000
37.0	75,000
36.5	150,000
36.0	240,000
35.5	80,000
35.0	125,000
34.5	130,000
34.0	150,000
33.8	125,000
33.5	80,000
33.0	75,000
32.5	200,000

a) What will the IPO price be if the offer is for 1 million CNR shares?

b) How much CNR will it raise from its IPO if the offer is for 1.25 million shares (instead of 1 million shares)?

PS: IPO stands for Initial offering Price.

Reference no: EM133111195

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What will the ipo price

Reference no: EM133111195

Reference no: EM133111195

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