Not sure the math is correct (but even close to that) Either they have to sell more, have an unbelievable IPO price, or (wait for it) be a completely NEW issue. Without more clarity, it is a crapshoot. Now, I'm not saying that is what will happen, but as Pulte has been saying more times than he needs to "BE AWARE OF RISKS"
20% of $130 gives us $26. Still some upside to this. If commons go to $300, very likely after SVF worldwide hype, our shares would be worth $60. I can live with that. If you own FNMFO, you can convert early into the IPO and ride it to $300. I can really live with that :)
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
Yes - that's ballpark for FNMA only. They aren't going to raise $30B from just FNMA, it's a combined number. So FNMA raise may be about $18B and $12B for FMCC.