What will be the winning auction offer? price

Assignment Help Financial Management
Reference no: EM131297429

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.)

Reference no: EM131297429

Questions Cloud

What is the current balance of the loan : You parents purchased their home 20 years ago. They financed over 30 years with a 6% fixed rate mortgage with monthly compounding and have been making monthly payments of $1,438.92. What is the current balance of the loan?
What fraction of the firm will you own after the? investment : You have started a company and are in lucklong dash—a venture capitalist has offered to invest. You own 100% of the company with 5.05 million shares. The VC offers $1.15 million for 770,000 new shares. What is the implied price per? share?  What is t..
Change in the bonds price in dollars and percentage terms : A $1,800 face value corporate bond with a 5.15 percent coupon (paid semiannually) has 10 years left to maturity. It has had a credit rating of BB and a yield to maturity of 7.2 percent. The firm recently became more financially stable and the rating ..
What was the percentage? underpricing : Your investment bankers price your IPO at $15.12 per share for 10.6 million shares. If the price at the end of the first day of trading is $16.97 per? share,  what was the percentage? underpricing? how much money did the firm miss out on due to? unde..
What will be the winning auction offer? price : Roundtree Software is going public using an auction IPO. The firm has received the following? bids: Assuming Roundtree would like to sell 2.16 million shares in its? IPO, what will be the winning auction offer? price?
What is the first? offers post-money valuation of the? firm : Your? start-up company needs capital. Right? now, you own 100% of the firm with 9.9 million shares. You have received two offers from venture capitalists. The first offers to invest $2.99 million for 1.05 million new shares. What is the first? offer'..
What is the implied price per share of this funding? round : Starware Software was founded last year to develop software for gaming applications. The founder initially invested $800,000 and received 88 million shares of stock.  How many shares must the venture capitalist receive to end up with 20% of the? comp..
According to the unbiased expectations theories : The Wall Street Journal reports that the rate on 8-year Treasury securities is 1.80 percent and the rate on 9-year Treasury securities is 2.35 percent. According to the unbiased expectations theories, what does the market expect the 1-year Treasury r..
What is its level of inventory : Soaring Eagles Corp. has total current assets of $11,478,000, current liabilities of $5,058,000 and a quick ratio of 0.87. What is its level of inventory?

Reviews

Write a Review

Financial Management Questions & Answers

  Development of a code of ethics should involve

Development of a code of ethics should involve all of the following EXCEPT

  Cash flows except the initial cost are end of year cash flow

You are asked to determine the optimal economic life of the following project. It has an engineering or physical life of 4 years. The cost of capital is 8% and all cash flows except the initial cost are end of year cash flows.

  Cost of capital and beta

Company "A" has a beta of 1.5 and a cost of capital of 25%. Company "B" has a beta of 0.8 and a cost of capital of 15%. When evaluated at a rate of 15%, the project shows an NPV of +$5 million, and when evaluated at a rate of 25%, the project shows a..

  What is the discounted payback period of each of projects

Your division is considering two investment projects, each of which requires an up-form expenditure of $25 million. You estimate that the cost of Capital is 10% and that the investments will produce the following after-tax cash flows (in millions of ..

  Opens new product line and requires initial outlay

A company is considering a 5-year project that opens a new product line and requires an initial outlay of $85,000. The assumed selling price is $97 per unit, and the variable cost is $63 per unit. Fixed costs not including depreciation are $20,000 pe..

  How many shares does it have after the recap

Dye Trucking raised $280 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7.75. If Dye had 45 million shares of stock before the recap, how many shares does it have after the recap?

  Financial statements related to cash and cash equivalents

Select a publicly held company to use as the basis for this assignment. analyzing the disclosures contained within the notes to the financial statements related to cash and cash equivalents, receivables, and inventories

  Share initial margin requirement

You open a brokerage account on January 1 and sell short 500 shares of Apple Computer at $163.39 per share. The initial margin requirement is 50%. Assume that Apple pays an annual dividend on December 31 of $5.50 per share. What is the margin balance..

  What is the future value of the cash flows in year

Toadies, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,225 2 1,345 3 1,430 4 1,480 If the discount rate is 9 percent, what is the future value of the cash flows in year 4? Future value $ If the discoun..

  Free cash flows and cost of equity-

Bandit Corporation has 10M shares outstanding and 25M in debt and 5M in excess cash at the end of 2012. Free cash flows for Bandit Corporation were $12M in 2012. You estimate that these will grow to $14M next year in 2013 and then grow at 4% in perpe..

  What is the break even in units dollars for each seminar

A seminar series has set up costs of $3,000; a rent per event of $1,000; plus a variable cost of $30 per attendee for food, supplies, and refreshments. The price of the seminar admission is $100 per person. What is the break even in a) units {people}..

  Total implied and actual transaction cost in dollars

You find that the bid and ask prices for a stock are $14.25 and $15.45, respectively. If you purchase or sell the stock, you must pay a flat commission of $30. If you buy 100 shares of the stock and immediately sell them, what is your total implied a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd