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Bruce Wayne is going public with his new business

Business

Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 4.2% commission fee. The SEC has authorized Wayne 4,950,000 shares for this issue. He plans to keep 1,220,000 shares for? himself, hold back an additional 210,000 shares according to the? green-shoe provision for Berkman Investment? Bank, pay off Venture Capitalists with 500,000 ?shares, and sell the remaining shares at ?$16.04 a share. Given the bids at the auction? (shown on the table? here:  

?), what is the distribution of the shares and cash flow to Bruce Wayne if Berkman Investment Bank declines its? green-shoe allotment? What is the total cash flow to Berkman Investment Bank after the? sale?

How many shares does Gotham Pension? get?

 

nothing

 

shares  ?(Round to the nearest whole? number.)

How many shares does Clark Kent? get?

 

nothing

 

shares  ?(Round to the nearest whole? number.)

How many shares does Central City? get?

 

nothing

 

shares  ?(Round to the nearest whole? number.)

How many shares does Arthur Curry? get?

 

nothing

 

shares  ?(Round to the nearest whole? number.)

How many shares does Barry Allen? get?

 

nothing

 

shares  ?(Round to the nearest whole? number.)

What is the total cash flow to Wayne after the? sale?

?$

nothing

 

shares ? (Round to the nearest? dollar.)

What is the total cash flow to Berkman Investment Bank after the? sale?

?$

nothing

 

shares  ?(Round to the nearest? dollar.)

 

 

 

This is the chart

Bidder

Quantity Bid

Gotham Pension Fund

1,200,000

Clark Kent Investors

521,000

Central City Insurance

423,000

Arthur Curry

297,000

Barry Allen

259,000

Total

2,700,000

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