Question: make final answer clear please You founded a firm that currently has 12 million shares, of which you own 8 million. You are considering an

make final answer clear please
make final answer clear please You founded a firm that currently has

You founded a firm that currently has 12 million shares, of which you own 8 million. You are considering an IPO where you would sell 2 million shares for $21 each. If all of the shares sold are secondary, what is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? How much would the firm raise in that case? What is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? The maximum number of secondary shares you could sell is shares. (Round to the nearest whole number.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!