This is the balance sheet submitted by the company at the time of its initial...
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Year Zero Balance Sheet | |||
Net NCA | 4,000 | STD | 4,000 |
WCN | 5,000 | LTD | 1,500 |
|
| NW | 3,500 |
TNI | 9,000 | CE | 9,000 |
This is the balance sheet submitted by the company at the time of its initial public offering. 5,000 company shares will be offered to the public.
The projected profit and loss account for the following year is as follows:
P&L 1 | |
Sales | 16,500 |
Cost of sales | 3,300 |
Gross margin | 13,200 |
Salaries and wages | 8,250 |
General expenses | 850 |
Depreciation | 750 |
EBIT | 3,350 |
Interest | 399 |
EBT | 2,951 |
Taxes | 738 |
EAT | 2,213 |
Dividends | 580 |
Retained earnings | 1,633 |
All figures are in thousands (5,000,000 shares).
The investment bank leading the operation has negotiated an EV/EBITDA of 10 with the remaining underwriting banks. When drafting the prospectus:
At what PER is the company expected to be listed?
At what PtB is the company expected to be listed?
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