The firm you founded currently has 14 million shares, of which you own 7 million. You are considering an IPO where you would sell 2 million shares fir $27 each. If all of the shares sold are primary shares.

How much will the firm raise?

What will your percentage ownership of the firm be after IPO?

If all the shares sold are primary shares, The firm will raise?

I need step by step explanation plus answer thanks.

Your percentage ownership of the firm after the IPO will be?

4) The firm you founded currently has 14 million shares, of which you own 7 million. You are considering an IPO where you would sell 2 million shares for $27 each. If all of the shares sold are primary shares, how much will the firm raise? What will your percentage ownership of the firm be after the IPO? If all of the shares sold are primary shares, the firm will raise? Your percentage ownership of the firm after the IPO will be