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The firm you founded currently has 13 million​ shares, of which you own 4 million. You are considering an IPO where you

Posted: Sun Jul 03, 2022 6:42 am
by answerhappygod
The firm you founded currently has 13 million​ shares, of whichyou own 4 million. You are considering an IPO where you would sell3 million shares for $22 each.
If all of the shares sold are primary​ shares, how much will thefirm​ raise? What will be your percentage ownership of the firmafter the​ IPO?
if all of the shares sold are primary​ shares, the firmwill raise _____million. ​(Round to one decimal​ place.)
Part 2
Your percentage ownership of the firm after the IPO willbe____%
​(Round to one decimal​ place.)