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The firm you founded currently has 15 million shares, of which you own 5 million. You are considering an IPO where you would sell 1

The firm you founded currently has 15 million shares, of which you own 5 million. You are considering an IPO where you would sell 1 million shares for $22 each.

If all of the shares sold are primary shares, how much will the firm raise?

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

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