How is Government will try to sell 5% of its total shares to make 30 billion?
If Trump does what he said he will do to release FNMA from conservatorship. Government will own roughly 80% and current shareholders 20%.
current FNMA outstanding shares: 1.16 billion
After government converting warrants FNMA total outstanding shares : 5.8 billion
FNMA 20% 1.16 billion ; Government 80% 4.64 billion
So if government as suggested to sell 5% of its shares that would be roughly 232,000,000 share
It has been said IPO price will be at $30 per share.
$30 x 232,000,000 = $6.96 billion
How is government going to sell 5% of its shares for 30 billion?
in order to make 30 billions from selling 5% of government's shares:
$129.31 x 232,000,000 = $30 billion
Is that what they are aiming for?
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