JF Corporation issued 2M shares through an IPO reflecting 30% ownership of the firm. The other 70% are owned by original investors. The offer price was $5 and each share jumped to $10 by the end of the trading day reflecting JF Corporation’s true intrinsic value. What is the original shareholders’ wealth if the IPO is fairly valued? (Your answer should be in millions. Round to the nearest hundredth. e.g., 55.16666 must be expressed as 55.17).

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