RunFast Inc After the Auction It Is Announced That the Company's Shares

question 9

Essay

RunFast Inc.wants to go public.It decides to do so via a Dutch auction underwriting.It receives the following bids: $$\begin{array} { l l l } \hline \text { Bidder } & \text { Quantity } & \text { Price (EUR) } \\\hline \text { A } & 100 \text { shares } & 10 \\\text { B } & 100 \text { shares } & 20 \\\text { C } & 300 \text { shares } & 12 \\\hline \text { D } & 150 \text { shares } & 14 \\\text { E } & 200 \text { shares } & 16 \\\text { F } & 100 \text { shares } & 8 \\\text { G } & 50 \text { shares } & 6 \\\text { H } & 200 \text { shares } & 10 \\\text { I } & 300 \text { shares } & 15 \\\text { J } & 100 \text { shares } & 12 \\\hline\end{array}$$ After the auction it is announced that the company's shares will be offered for EUR 15 in the IPO. How many shares will be issued by RunFast Inc (assuming there is no need to allocate a ratio of shares)?

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Definitions:

Extinct

The state in which a species no longer exists anywhere on Earth, often due to environmental changes, predation, or human activities.

Jawless Fish

A group of fish without jaws, such as hagfish and lampreys, representing early forms of vertebrate life.

Conodonts

Extinct, simple fishlike chordates with large eyes and tooth-like hooks; may have been early vertebrates.

Toothlike Hooks

Structures resembling teeth or hooks, often used by plants or animals for attachment or predation.