Pandora’s IPO yesterday peaked at $26/share, giving them a brief valuation of $4 billion. The stock quickly deflated to a closing price of $17.50, moving that valuation to $2.8 billion. Even that is a fantastical and bubblicious number that will not stand up to scrutiny. Here is a back-of-the-envelope analysis based on the S-1 that investors should have made before throwing their money in the box:
Experts expects Initial Public Offering of Ukrtelecom, the largest telecommunication company in Ukraine, on foreign exchanges in the 2014-2016 period.
The System Capital Management company rules out holding of IPO at foreign exchanges, director general of the company Oleh Popov said.
The UkrNet Company based in Kyiv has frozen its plans concerning its Initial Public Offering until 2013 or 2014.