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The firm you founded currently has 1 3 million shares, of which you own 8 million. You are considering an IPO where you would sell

The firm you founded currently has 13 million shares, of which you own 8 million. You are considering an IPO where you would sell 3 million shares for $29.10. What is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? How much would the firm raise in that case?

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