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The final valuation is likely to be higher.
And a final valuation could take up to five years.
With the Jackson case, he added: "Assume we picked his death date as the valuation date but he continued to live.
How many millions will depend on the final valuation placed on the company for the stock offering.
The final valuation measure — some analysts would say it's the most important one — is the ratio of enterprise value to cash flow, or E.V./EBITDA.
Then some board members were angered when the final valuation of the wealth management unit, which is jointly owned with Morgan Stanley, was considered a coup for Morgan.
According to one person close to Groupon, the company and its bankers have struggled to pinpoint the final valuation for the I.P.O.
As it is still in progress, the final amount and final valuation may also change.
"Coming up with the final valuation is almost more of a behavioral study than a financial one".
They argue that it couldn't be a coincidence Gross chose as his valuation date Mar. 1, 2000, just before Nasdaq began a slide that took down valuations of controlled companies.
This all means that Zenefits' valuation will have grown anywhere from 6 to 8 times, depending on the final valuation, in less than a year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com