Question: Callaghan Corp. is going public via an initial public offering of equity shares. Callaghan intends to raise $215 million via issuance of shares at

Callaghan Corp. is going public via an initial public offering of equity

Callaghan Corp. is going public via an initial public offering of equity shares. Callaghan intends to raise $215 million via issuance of shares at $52.00 per share. Direct charges for the issue are 6.15% of the issue with indirect costs amounting to 0.65%. How many shares will be floated in the initial offering? Round your answer to whole numbers (i.e., no decimals).

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