Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the firm you founded currently has 12 million shar

The firm you founded currently has 12 million shares, of which you own 3 million....

70.2K

Verified Solution

Question

Accounting

image

The firm you founded currently has 12 million shares, of which you own 3 million. You are considering an IPO where yo would sell 3 million shares for $32 each. If all of the shares sold are primary shares, how much will the firm raise? Wha will be your percentage ownership of the firm after the IPO? If all of the shares sold are primary shares, the firm will raise $ million. (Round to one decimal place.) Your percentage ownership of the firm after the IPO will be %. (Round to one decimal place.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students