founded a firm that currently has 14 million shares, of which you own 8 million. You are considering an IPO where you would sell 1 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 nothing shares
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