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Southern Ice Corp.stock trades at $75 per share and there are 80 million shares outstanding. The management would like to raise $626 million in an
Southern Ice Corp.stock trades at $75 per share and there are 80 million shares outstanding. The management would like to raise $626 million in an SEO. If the underwriter charges 5% of gross proceeds, and all the shares are primary shares sold to new investors, what percentage of the company will be owned by the new investors? Round to 1 decimal point.i..e. 10.0 for 10%
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