You founded a firm that currently has 16 million​ shares, of which you own 9 million. You are considering an IPO where y

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answerhappygod
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You founded a firm that currently has 16 million​ shares, of which you own 9 million. You are considering an IPO where y

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You founded a firm that currentlyhas 16 million​ shares, ofwhich you own 9 million. You are consideringan IPO where you would sell 2 million sharesfor ​$19 each. If all of the shares soldare​ secondary, what is the maximum number of secondaryshares you could sell and still retain morethan 50% ownership of the​ firm? How much would thefirm raise in that​ case? (Round to the nearest wholenumber)
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