Given that seed funding amounts are typically very small compared to the amounts one might expect to raise in a Series A round, as the example illustrates, the aggregate discount amount, in this case $37K, is a tiny fraction of what is likely to be a multimillion dollar Series A financing.
It also said it would try to sell its Clearview Cinema chain of movie theaters, which has 59 outlets and 279 screens, but did not estimate how much it expected to raise in such a sale.
The six works, which have been held in private collections, are expected to raise in excess of $78m £53.5mm).
Organizers won't put a figure on what they expect to raise in New York next month but are anticipating a significantly larger take than the Canadian event generated.
"It doesn't make any sense for us to spend the several million dollars that we expect to raise in the Connecticut Senate race," said Tyler Harber, a strategist for Now or Never.
Attention will now be focused on the planned July Budget, in which Mr Brown is expected to raise taxes in a bid to diminish the need for the newly independent Bank to raise rates aggressively over the coming months.
HCA, a health-care company that a group of private-equity firms bought for nearly $33 billion in 2006, is expected to raise $4.6 billion in an IPO this year.
It is expected to raise tensions in an already volatile region, amid reports that Israel, the US and the UK are weighing military options aimed at setting back the Iranian nuclear programme.
EU regulators are expected to raise the stakes in a probe of Oracle's offer for PeopleSoft by providing a statement of objections to the plan, a person close to the case said on Wednesday.
Next week, the Fed is expected to raise interest rates in a bid to keep inflation at bay as the nation's economy continues to grow at a rapid pace.
