Roundtree Software is going public using an auction IPO. The firm has received the following...
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Roundtree Software is going public using an auction IPO. The firm has received the following bids Price (S 14.20 14.00 13.80 13.60 13.40 13.20 13.00 Number of Shares 140,000 240,000 500,000 1,000,000 1,300,000 880,000 400,000 Roundtree had previously believed it would issue 1,900,000 shares; however, if Roundtree decides to issue an extra 459,000 shares (for a total of 2,359,000 shares), how much total money will it raise? Roundtree will raise a total amount of Smillion. (Round to one decimal place.)
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