Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / The firm you founded currently has 10 million shares of which you own 6 million
The firm you founded currently has 10 million shares of which you own 6 million. You are considering an IPO where you would sell 3 million shares for RM30 each.
i. If all shares sold are primary shares, find the amount that the firm raise. (2 marks)
ii. Calculate your percentage ownership of the firm after the IPO. (2 marks)
i. amount raised by the firm = 3 million * 30 = 90 million RM
ii. total shares owned = 6 - 3 = 3 million
new stake = 3/10 = 30%
