What will the offering price of these shares be if redstone

Reference no: EM133610018

Question: Redstone Holdings is in the process of selling shares of stock in an auction IPO. At the end of the bidding period, Redstones's investment bank has received the following bids: Price ($) Number of Shares Bid $19.40 50,000 $19.25 25,000 $19.10 25,000 $19.00 100,000 $18.75 125,000 $18.50 75,000 $18.25 150,000 $18.00 250,000 $17.75 50,000 $17.60 100,000 $17.35 50,000 $17.15 100,000 $16.90 100,000 $16.75 75,000 $16.50 75,000 $16.25 200,000 What will the offering price of these shares be if Redstone is selling 1 million shares?

Reference no: EM133610018

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