medium · Investment Banking valuation-core

A fictional company, NovaTech, is being valued for an IPO. Public peers trade at a median EV/EBITDA of 12.0x.

If NovaTech has a projected EBITDA of $100M and a standard 15% IPO discount is applied, what is the implied Enterprise Value?

  1. $1,020M
  2. $1,200M
  3. $850M
  4. $1,185M

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