Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

That comes out to a market cap of $260 billion not $150 billion if you assume $12.50 per share and $100 billion IPO:

Common 1.8b (9% of total)
JPS 4.0b (19% of total)
Warrants (post JPS conversion) 7.2b
IPO 8b (72% of total incl. Warrants)
Total 21.0b

11% return for new investors.