Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $79.60 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $17.05 and the underwriter’s spread was $0.60. Hughes also paid legal and other administrative costs of $2.65 million for the IPO.
Calculate the number of shares issued through this IPO. (Enter your answer in millions. Round your answer to 2 decimal places.)