definiens: means a dollar amount equal to ( 1 ) the percentage of SUTRO ’s outstanding capital stock, calculated on an issued and outstand ing equity basis, held by CELGENE prior to the IPO, multiplied by ( 2 ) the aggregate amount that SUTRO p roposes to raise through sales of its common stock in the IPO and the concurrent private placement to CELGENE . By way of example, if prior to the IPO CELGENE owns [ * ] percent ( [ * ] % ) of the outstanding SUTRO ca pital stock ( calculated on an issued and outstandin g equity basis ) and SUTRO proposes to raise an aggregate of [ * ] Million Dollars ( $ [ * ] ) through a combination of the IPO and a concurrent private placement to CELGENE, then the IPO Equity Pro Rata Amount would be [ * ] Dollar s ( $ [ * ] )