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The firm you founded currently has 15 million shares, of which you own 9.00 million. You are considering an IPO where you would sell 2
The firm you founded currently has 15 million shares, of which you own 9.00 million. You are considering an IPO where you would sell 2 million shares for $17. 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? The maximum number of secondary shares you could sell is shares. (Round to the nearest whole number.)
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