The IBBS Co. needs to raise $66.9 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $69 per share and the companys underwriters charge an 9.5 percent spread.

Required: If the SEC filing fee and associated administrative expenses of the offering are $469,000, how many shares need to be sold? (Enter the whole number for your answer, not millions (e.g., 1,234,567). Round your answer to the nearest whole number (e.g., 1,234,567).)