Calculating Costs of Issuing Stock TriState Corp. recently went public with an initial public offering in which they received a total of $51.90 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $34.75 and the underwriter's spread was $3.40. TriState also paid legal and other administrative costs of $1,140,000 for the IPO. What is the number of shares issued through this IPO?