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)?

Recognize the difference between book value and market value of assets.

Identify the components of the cash flow from assets and how it reflects the firm's financial health.

Understand the factors affecting the firm's financial leverage and various methods of raising capital.

Understand the concepts of cash flows in a firm, including cash flow to stockholders and creditors.

---

Definitions:

Negative Experiences

Events or occurrences perceived as unfavorable or harmful, impacting an individual's mental or emotional well-being.

Neuroticism

An attribute of someone's persona distinguished by their susceptibility to rapid emotional changes, unease, irritability, preoccupation, and despair.

Longitudinal Studies

Investigative techniques that include multiple observations of the same factors over periods that can be either brief or extended.

Personality Differences

Variations among individuals in terms of their character traits, behaviors, and emotional responses, influenced by genetic, environmental, and situational factors.