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.
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.
