RunFast Inc The Company Will Offer Shares in the IPO at EUR

question 16

Essay

RunFast Inc.wants to go public.It decides to do so via a Dutch auction underwriting.It receives the following bids: $$\begin{array} { l l l } \hline \text { Bidder } & \text { Quantity } & \text { Price (EUR) } \\\hline \text { A } & 100 \text { shares } & 10 \\\text { B } & 100 \text { shares } & 20 \\\text { C } & 300 \text { shares } & 12 \\\text { D } & 150 \text { shares } & 14 \\\text { E } & 200 \text { shares } & 16 \\\text { F } & 100 \text { shares } & 8 \\\text { G } & 50 \text { shares } & 6 \\\text { H } & 200 \text { shares } & 10 \\\text { I } & 300 \text { shares } & 15 \\\text { J } & 100 \text { shares } & 12 \\\hline\end{array}$$ The company will offer shares in the IPO at EUR 15 per share.At that price, there is no need to allocate a ratio of shares.There is a 15 per cent Green Shoe provision.The underwriters expect that the share will trade at EUR 20 within 30 days after the IPO.They receive a fee of EUR 1,000 for the IPO.How much do they expect to make in total from the IPO?

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Definitions:

Aseptic Technique

A set of specific practices and procedures performed under sterile conditions to minimize the risk of introducing pathogens during medical procedures or surgeries.

Infection

The invasion and multiplication of microorganisms such as bacteria, viruses, and parasites that are not normally present within the body.

Enteral Feedings

The delivery of nutrients directly into the stomach or intestine via a feeding tube.

Administering Medications

The process of giving drugs to a patient as prescribed, which can be oral, intravenous, or through other routes.