You founded a firm that currently has 16 million shares, of which you own 9 million. You are considering an IPO where y
Posted: Sun Jul 03, 2022 12:56 pm
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)