With the public offering of Byte Company's prospectus, key figures such as stock pricing, issued shares, and total equity have been essentially determined.
Valued at 1.667 billion US dollars, the shares were priced at 18 US dollars each, with a total of 92.6 million shares.
Compared to the 42.85 million shares during the third round of financing, a 1:2 stock split was performed again for this IPO.
The newly issued 7.28 million shares for the public listing accounted for approximately 8% of the total shares, with the possibility of additional issuance depending on market conditions.
After the initial dilution, Dean's stake dropped to 37.09%, holding about 34.34 million shares.
This definitely ranks as one of the higher founder ownership percentages among listed companies, but it is still less than Gates's.
When Microsoft went public in 1986, Bill Gates held a 45% stake, and the other co-founder Allen owned 25%.