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Tesla,Valuation Discrepancies Widen

Discussion in 'News' started by tdelta1000, May 20, 2010.

  1. tdelta1000

    tdelta1000 Active Member

    Joined:
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    This was found on the web on the Business Wire site.

    GREENWICH, Conn.--(BUSINESS WIRE)--NYPPEX, a leading global secondary private market advisory, trading and research firm for illiquid assets released to customers its report, Secondary Market Valuation Discrepancies Among Venture-Backed Private Companies (the “Report”), which comments on the fair values for selected venture-backed private companies.

    “In effect, they are betting on further significant revenue growth and a highly successful IPO”
    NYPPEX reports that odd-lot secondary prices for Twitter, Inc. (+365%); Facebook, Inc. (+204%) and Tesla Motors, Inc. (+154%) may be significantly overvalued versus industry median enterprise value to estimated revenue multiples.

    The Report also concludes that odd-lot secondary prices for Zynga, Inc. (+9%) and LinkedIn Corp. (5%) are only slightly overvalued when compared to industry median enterprise value to estimated revenue multiples.

    “In effect, they are betting on further significant revenue growth and a highly successful IPO,” says Laurence Allen, Managing Member of NYPPEX, regarding secondary odd-lot buyers. “If one of those two events do not materialize, then today’s secondary investors may be providing the exit.”

    For a full copy of the report, please sign up for a free trial subscription to the NYPPEX Private Equity Research, Data and Risk Analytics by clicking here or visiting the NYPPEX website at www.nyppex.com.
     

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