Calculating Costs of Issuing Stock TriState Corp. recently went public with an initial public offering in which they received a total of $50.00 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $30.00 and the underwriter's spread was $1.50. TriState also paid legal and other administrative costs of $950,000 for the IPO. What is the number of shares issued through this IPO?

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