| JetBlue Airways | | Valuation of an IPO Case Study | | JetBlue Airways | | Valuation of an IPO Case Study | 2014 Ivan McClure, Imtiaz Saboor, Vanessa Lopes, Gilberta Pjetri 2014 Ivan McClure, Imtiaz Saboor, Vanessa Lopes, Gilberta Pjetri TABLE OF CONTENTS * History * Advantages & Disadvantages of an IPO * IPO Process * Weighted Average Cost of Capital (WACC) * Similar Company Analysis * Discounted Cash Flow Analysis * Final
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holding an Initial Public Offering (IPO), acquiring another facility out right, or merging with another facility. This will be to compare and contrast each of these resource opportunities and to ultimately decide on a course of action. Strengths of the Various Resource Opportunities As stated, FPCH has various opportunities to generate an influx of resources in order to be able to expand their operations. The first of these opportunities is to enter an IPO. An IPO is the initial sale of stock in the
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2011 Written by and property of Gwenny Loman & Renée Pelk “Relevant criteria in firm’s environment affecting IPO decision” BRM Project – IKEA + IPO Abstract This research is aimed at developing a new model that should be able to determine for each privately owned company whether going public is a possibility for attracting new capital. Research upon IPOs resulted in variables of which a conceptual and hypothesized model were created. A meta-analysis and case study should determine the
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entrepreneurs if looking for a way out, or merely a way to cash out on a successful growing company, it’s a way to gain on that success. (Investopedia, 2009) <-THIS NEEDS MORE SENTENCES Although there is much strength to going public through an IPO, there are also many weaknesses. As we choose to go public we will have to consider the challenges of fully disclosing our company information for investors and publishing our financial records to be in accordance with Securities Exchange Act of 1934
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and on-line computer serve providers such as America Online and Prodigy. Despite their dominant position in the industry, Netscape had yet to turn a profit and, in 1995 began to explore raising necessary capital through an initial public offering (IPO). The preliminary prospectus prepared by Morgan Stanley and H&Q suggested it might offer 3.5 million shares at $12 to $14 a share. However, a month later, the underwriters advised the Netscape board to increase the initial offering price 100% to $28
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ROSETTA STONE: PRICING THE 2009 IPO A Brief History Mission statement: Our mission is to deliver the best technology-based solutions for learning languages. Every day, our innovation help people improve their lives and make the world a better place. Stoltzfus and Fairfield founded Fairfield Language Technologies in Harrisonburg, Virginia, in 1992. The emergence of CD-ROM technology in the 1990s made the project feasible. The company released its first retail language training software product
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JetBlue Airways IPO Valuation Summary In July 1999, David Neeleman announced his plan to launch a new airline that would bring “ humanity back to air travel.” Despite the fact the airline industry had 87 new-airline failures in U.S. over the past 20 years. Neeleman’s plan convinced a group of investors and quickly raised $130 million from venture-capital community. This is the way JetBlue Airways established. With its strong capital base, JetBlue acquired a fleet of new Airbus A320 aircraft
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public through the initial public offering (IPO). But for the president of the company, it is a struggling decision of whether or not Knoll should go public because there are many pros and cons that have to be considered regarding going public. One of the advantages for Knoll to go public is that an IPO is a good way for Warburg Pincus to write up its investment to the exit valuation, increasing the internal rate of return. Another advantage is that an IPO will bring a large amount of payout to Warburg
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FINS3625 Applied Corporate Finance Lecture 6 (Chapter 14) Jared Stanfield April 4, 2012 14.1 Equity Financing for Private Companies • Sources of Funding: – A private company can seek funding from several potenNal sources: • Angel Investors • Venture Capital Firms • InsNtuNonal Investors • Corporate
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Value Netscape * * Answer 2 * Based on researches on web, and considering industry conditions around 1995 – 1996, we decided to assume the average growth rate as 19% for Netscape. * * 그림1 * * The share distribution after IPO is given in the case as below. * * Share Holder Percentage * Clark 24% * Kleiner Perkins 11% * Media Companies 11% * James Barksdale 10% * Public 44% * * Based on the distribution
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