The owners decide to take the company public through an IPO, issuing 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 founders and owners of a private company have funded it through the following rounds of investment:
Round Source Price Number of Shares
Series A Self $1.00 100,000
Series B Angel $1.00 225,000
Series C Venture Capital $1.25 350,000
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?
A) 10%
B) 13%
C) 19%
D) 24%
Answer: B
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What will be an ideal response?
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______ leaders act against the interests of both subordinates and the organization.
A. Supportive/Disloyal B. Derailed C. Callous D. Tyrannical