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StarCrypto is going public and offering 12m shares. Informed investors request 5m shares when it is a high value firm (30% of the time with

StarCrypto is going public and offering 12m shares. Informed investors request 5m shares when it is a high value firm (30% of the time with about $144m firm value vs 70% probability with $66 firm value). Uninformed investors always request 10 m shares, whether it is a high value firm or not. Uninformed investors know the probabilities of a high or low value firm, but cannot distinguish them in advance. Consider that the allocation of shares is proportional (no bookbuilding). What would be the Offer Price so uninformed investors break even?

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