Business, 30.06.2021 21:10 torresalysabeth
Indigo Inc. is going public and issuing 150,000 shares of common stock. The capital raised in the IPO will fund the company’s proposed expansion. A Dutch auction is used to allocate shares in the Indigo IPO. The following table shows the number of shares requested by potential investors in each row.
Bids
Number of Shares Requested
Price per Share
Bidder # 1 50,000 $63
Bidder # 2 100,000 61
Bidder # 3 150,000 59
Bidder # 4 200,000 57
Bidder # 5 250,000 55
Bidder # 6 300,000 53
What should be the firm’s IPO offer price?
Answers: 2
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Indigo Inc. is going public and issuing 150,000 shares of common stock. The capital raised in the IP...
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