1. Company A is going public using an auction IPO. The firm has received the...
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1. Company A is going public using an auction IPO. The firm has received the following bids Price ($) Number of Shares 14.00 100,000 13.80 200,000 13.60 500,000 13.40 1,000,000 13.20 1,200,000 13.00 800,000 12.80 400,000 2. The company wants to sell 1.8 million shares in its IPO, what will be the winning auction offer price?
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