The Founder of a Company Currently Holds 12 Million of the 15

question 106

Multiple Choice

The founder of a company currently holds 12 million of the 15 million shares in that company.She considers an IPO where she sells a mix of primary shares and 2 million of her own secondary shares for $18 per share.If she wants to retain a 60% ownership of the company,how much money can she raise in this IPO?

• A)$30 million
• B)$42 million
• C)$54 million
• D)$66 million

---

Definitions:

Mills

Refers to C. Wright Mills, an American sociologist known for his theories on power and social structure, and for coining the term "sociological imagination."

Social Issues

Challenges caused by larger social factors that require collective solutions.

Canadian Sociology

A field of study focusing on the social structure, culture, and issues within Canada, incorporating perspectives unique to Canadian society.

American Sociology

A subfield of sociology that focuses on studying, understanding, and analyzing the structure and functioning of American society, including its institutions and cultural norms.