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You own all $ 1 0 million of equity in a private company and have decided to go public. You want to raise enough IPO

You own all $10 million of equity in a private company and have decided to go public. You want to raise enough IPO proceeds to finance a $25 million project and you want to cash out $5 million of your stake. Assuming the share price is $10 per share, how many primary and how many secondary shares should you offer in the IPO? What percentage of the companys equity will you own post-IPO?

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