Question

Assume UBER makes 1,875,000 shares available to investors through a Dutch Auction IPO. The following orders have been listed below. What is the IPO price? How many shares does each investor get?

Investor	Bid Amount	Bid Shares
Paulina	$325,000	5,000
Nina	$43,500	28,000
Joanna	$12,750	522,000
Jen	$4,250	650,000
Tina	$1,600	300,000
Jo	$725	420,000
Morgan	$550	950,000

• · What is the IPO price?   
• · How many shares does each investor get?
• · How much money does UBER get?

Answer 1