hard · Investment Banking

If a company has 50.0 million pre-IPO shares, and it sells 10.0 million primary shares in its IPO with a full 15% primary greenshoe, what is the 'Public Float' as a percentage of total shares outstanding post-greenshoe?

  1. 18.70%
  2. 20.00%
  3. 23.00%
  4. 16.67%

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