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wrote...
Posts: 169
2 weeks ago
The founder of a company currently holds 12 million of the 15 million shares in that company. She considers an IPO where she sells a mix of primary shares and 2 million of her own secondary shares for $18 per share. If she wants to retain a 60% ownership of the company, how much money can she raise in this IPO?

▸ $42 million

▸ $30 million

▸ $54 million

▸ $66 million
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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wrote...
2 weeks ago
$66 million
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