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Business, 01.08.2020 17:01 pearfam98

The owners decide to take the company public through an IPO, issuing additional 1 million new shares. Assuming that they successfully complete the IPO, the net income for the next year is estimated to be $6 million. The price of shares is set using average price-earnings ratios for similar businesses of 15. What portion of the company will be owned by the angel investor after the IPO

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The owners decide to take the company public through an IPO, issuing additional 1 million new shares...
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