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What the software company will raise a total amount of

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Reference no: EM132489802

The Software Company is going public using an auction IPO. The Firm has received the following bids:

Price ($)            Number of Shares

14.40                   120,000

14.20                 280,000

14.00                580,000

13.80             1,200,000

13.60.           1,240,000

13.40.            880,000

13.20.           480,000

Point 1: The Software Company had previously believed it would issue 2,200,000 shares; however, if the company decides to issue an extra 503,000 shares (for a total of 2,703,000 shares).

Question 1: What The Software Company will raise a total amount of

Reference no: EM132489802

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