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Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $90.66 million in new capital funding. The

Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $90.66 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $18.65 and the underwriters spread was $1.50. Hughes also paid legal and other administrative costs of $1.95 million for the IPO.

Calculate the number of shares issued through this IPO. (Enter your answer in millions. Round your answer to 2 decimal places.)

The answer is not 5,286,297 or 5.29 or 5.28

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