Question: Need Full Solutions For The Entire Question please You founded a firm that currently has 14 million shares, of which you own 10 million. You

Need Full Solutions For The Entire Question please You founded a firm that currently has 14 million shares, of which you own 10 million. You are considering an IPO where you would sell 4 million shares for $20 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.) Need Full Solutions For The Entire Question please You founded a firm that currently has 14 million shares, of which you own 10 million. You are considering an IPO where you would sell 4 million shares for $20 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
Get step-by-step solutions from verified subject matter experts
