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Calculate the number of shares issued through this ipo

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Reference no: EM13947140

Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $75.28 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $21.05 and the underwriter’s spread was $2.40. Hughes also paid legal and other administrative costs of $3.05 million for the IPO.

Calculate the number of shares issued through this IPO.

Reference no: EM13947140

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