Journal of Financial Economics 53 (1999) 409 }437 Valuing IPOs Moonchul Kim , Jay R. Ritter * Department of Accounting, KyungHee University, C1 Hoegie-Dong, Dongdaemun-Ku, Seoul 130-701, South Korea Department of Finance, School of Business Administration, University of Florida, Gainesville, FL 32611-7168, USA Received 3 June 1997; received in revised form 18 August 1998 Abstract The use of accounting information in conjunction with comparable "rm multiples is widely recommended for valuing
Words: 13092 - Pages: 53
Assignment 3 Common Stock Screen Market Capitalization – Small ($300 million to $2 billion) Generally speaking, companies with smaller market caps are relatively new. This is a good thing, since they have a lot of room for expansion and growth. Although there is a risk that they will fail, if other fundamental factors are good, then there is a good chance the company will flourish. Companies with bigger market caps have already grown and will probably not have as much potential as smaller ones
Words: 463 - Pages: 2
business network.” Although Nicholas Carr’s article has an inflammatory title, “IT Doesn’t Matter,” the main points suggest otherwise. IT does matter but it matters differently. This article was published in 2003, a few years following the dot-com bubble burst. During the Internet’s halcyon days from 1994 to 2000, the businesses created were the result of IT innovations, and this changed the way business interacted with the environment. This led to IT becoming more visible and pervasive
Words: 1585 - Pages: 7
Table of Contents OVERVIEW 3 PART ONE (IN DEPTH) 4 SWOT Analysis 4 Value Proposition 5 Business Models 5 Revenue 6 Operation 6 Market Plan 6 Operation Flows 7 Payment Methods 7 PART TWO (EVALUATION) 9 Website Overview 9 Website Evaluation 13 Table of Figures Figure 1: Front Page………………………………………………... 10 Figure 2: Holiday Deals……………………………………………. 11 Figure 3: Holiday Deals …………………………………………… 11 Figure 4: Products………………………………………………….. 12 Figure 5: Products & Customer Recent
Words: 2578 - Pages: 11
Introduction: According to Heskett, 2012, leadership requires many top noch qualities which includes: competence, interpersonal skills, administrative, should be a snooping follower, a virtuous eavesdropper, a quest of veracity, instigator as well as empathizer, no autocraticness etc. But the main delimas that organizations are facing today is how to motivate their employees in order to improve their efficiency which will halp them in sustaining their competative advantage. Teresa M. Amabile and
Words: 2754 - Pages: 12
guide book by Guna Deivendran, Founder of StartupBooster.com for making money online. Make Money Online With Startup Booster dot com Bringing Money Making Resources Together to Provide You with the Right Strategy and Tools to Make Money Online in 2010 and Beyond Guna Deivendran http://www.startupbooster.com May 2010 Make Money Online With Startup Booster dot Com Copyright No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means
Words: 295 - Pages: 2
to earn a living but the popularity of Jobstreet among employers and job seekers revolutionised the recruitment market in Malaysia. Jobstreet has continued to be profitable from the time of its formation.Chang ensured that during the tumultuous dot-com era, he did not fall forthe allure of funds which led to the failure of many tech companies. Today,Jobstreet.com has dealings with over 20,000 companies with almost three million job seekers registered under Jobstreet. With Mark Chang as its CEO,Jobstreet
Words: 1616 - Pages: 7
60% required rate of return (RRI). Fact summary Required rate of return RRI: Investment: Term: Year 6 net income: Year 6 PER: 60% $10mm 6 $9mm 22 Required future value (investment) = (1 + IRR) years x (investment) = (1 + .6)6 x ($10mm) = $167.8 mm So the venture capitalist’s stocks value should be equal $167.8mm in year 6 to achieve 60% annual return. Total Terminal Value = PER x Terminal Net Income = 22 x $9mm = $198mm after 6 years the company as whole would worth $198mm. Final ownership required
Words: 1117 - Pages: 5
political and economic environment described in the House of Cards video is characterized by events leading up to the financial crisis the United States experienced in in the early 2000s. The crisis is credited to events such as, the burst of the Dot Com Bubble, which lead to a market crash that put the American economy in a recession; and the controversy that surrounded Government Sponsored Enterprises, which lead the American people to lose trust in it’s government’s financial institutes. However
Words: 1000 - Pages: 4
August 2013 When people hurt themselves lifting heavy things, it's usually because they try to lift with their back. The right way to lift heavy things is to let your legs do the work. Inexperienced founders make the same mistake when trying to convince investors. They try to convince with their pitch. Most would be better off if they let their startup do the work—if they started by understanding why their startup is worth investing in, then simply explained this well to investors. Investors
Words: 2812 - Pages: 12
