If all of the shares sold are from your holdings, how much will the firm raise? What

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If all of the shares sold are from your holdings, how much will the firm raise? What will be your percentage ownership of the firm after the IPO?

The firm you founded currently has 12 million shares, of which you own 7 million. You are considering an IPO where you would sell 2 million shares for $20 each.

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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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