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IPO F is an auction IPO seeking to issue 1 million shares. The following bids...

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Finance

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IPO F is an auction IPO seeking to issue 1 million shares. The following bids just placed by prospective investors. What is the best estimate for the expected offer price of the IPO? Price Shares Bid (thousands) $16 70 $15 90 $14 110 $13 100 $12 160 $11 180 $10 210 59 250 58 400 $8.75 O $9.00 0 $9.25 0 $10.00

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