easy · Investment Banking rx-dcm-ecm
A company is considering an IPO with a projected Next Fiscal Year (NFY) Net Income of 120 million. Public peers trade at an average P/E of 15.0x.
If the underwriters apply a 15% 'IPO discount' to the peer valuation, what is the implied Equity Value for the IPO?
- 1,800 million
- 2,070 million
- 1,440 million
- 1,530 million
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