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In this case they sold a good chunk of the company, and left nearly $70 million on the table. For a relatively small company, it would be hard to justify that a
by dlubarov 11y ago
In this case they sold a good chunk of the company, and left nearly $70 million on the table. For a relatively small company, it would be hard to justify that as an investor marketing expense.
- pbreit 11y ago10% is not a big chunk. To leave $70m ($65, actually) on the table they would have needed to price it "perfectly" and it would have been considered a dud. With a strong opening day and a solid few quarters they should be able to float another 10% and pick up $200-300m. And you're worried about $20m or $30m.