In a statement last night announcing its initial offer price of €240 per share, Adyen said the figure implied a market capitalization of €7.1 billion, based on the current number of Shares outstanding.
In a statement last night announcing its initial offer price of €240 per share, Adyen said the figure implied a market capitalization of €7.1 billion, based on the current number of Shares outstanding.
In this interactive nirvana, there won't be much difference between A.T.&T., Walt Disney, and Beauty.com....According to the companies' own projections, a combined A.O.L.- Time Warner could throw off as much as ten billion dollars of cash a year, implying a market capitalization of two hundred billion dollars about what A.O.L. alone was valued at before the merger announcement.
And, in early trading in New York on Nasdaq it was up $0.60 to $156.90 at 10.16am EDT, implying a market capitalization of around $742.15 billion.
Its shares traded for $34 on the secondary markets, implying a market capitalization of $80 billion, down from $55 per share at the peak about 12 months ago (see Sharespost.com for details).
Adding back $800 million of cash to implied enterprise value gives us a market capitalization of $4.3 billion, which when divided by 584.49 million shares outstanding suggests a per share valuation of $7.35.
Effectively, the market capitalization of a company becomes its implied value.
The October 21, 2004 presentation stated that Southern Peru's implied equity value was $3.69 billion based on its then current market capitalization at a stock price of $46.41 and adjusting for debt.
In turn, thin-capitalization rules imply that a company that has too much debt compared to equity will be denied fiscal deductions for part of its interest payments, or that part of interest payments will be reclassified as dividends and will not obviously be considered as fiscal deductions.
EMC's market capitalization is $59.46 billion, implying that Egnyte will have a large new potential customer base to sell into.
