Hughes Technology Corp. recently went public with an initial public offering in which it received...
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Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $65.73 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $10.75 and the underwriters spread was $0.90. Hughes also paid legal and other administrative costs of $1.25 million for the IPO.
Calculate the number of shares issued through this IPO.
(Enter your answer in millions. Round your answer to 2 decimal places.)
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