Business, 29.07.2020 21:01 ashiteru123
He decides to take the company public through an IPO, issuing 2 million new shares. Assuming that he successfully completes the IPO, the net income for the next year is estimated to be $9 million. His banker informs him that the price of shares should be set using average price-earnings ratios for similar businesses, which is 14. What will be the IPO price per share?
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He decides to take the company public through an IPO, issuing 2 million new shares. Assuming that he...
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