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Push by venture capitalist as it was a risky venture Esop was must at tat time to retain employee. Having stocks was must for ESOP. Therefore Much debt was not possible even though conssistent growth in cash flow was there. Underpriced IPO
Because Investment banker were not welcome so to make an impact Investment banker pr Much IPO wass not haappening in recent times that's why to woo investors they priced it lo nobody was trusting google business model After dotcom bubble tey dont believe on revenue based model Tata Steel Corus
take N= number of years needed to build this capacity Take into account currency beta Rm can be achieved through regressing stock with dollar nifty. This will take into account th
was must for ESOP. Therefore they went for IPO not debt in cash flow was there.
n impact Investment banker priced it low. woo investors they priced it low