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Offerings in more established industries like commodities, manufacturing and retail have a long list of publicly traded rivals, allowing investors to more easily judge potential performance and valuation.
Since then, shares of publicly traded rivals such as Barratt Developments have been hit as investors have become jittery about the property market.
In a December presentation, Pershing Square's head, William Ackman, said that based on a comparison with publicly traded rivals, he believed General Growth was worth at least $24 a share.
In France mutual banks seem to have fared rather badly compared with their publicly traded rivals, although a further €1.4 billion ($2 billion) write-down of toxic assets at Société Générale in the fourth quarter has helped even the balance.
Agricultural Bank will compete for investors' money with publicly traded rivals that plan to raise a combined $32 billion in stock and bond sales even with bank valuations near record low levels.
The biggest trouble is that German retail banking is dominated by savings institutions and cooperatives owned by cities and states, which are run on a less commercial basis than their publicly traded rivals.
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So K.P.E. has to extrapolate based on the value of a publicly traded rival.
Chris Grayling and Theresa May traded rival schemes to rip up Churchill's civilising legacy, the European convention.
More surprising was the disclosure that Equity Residential had approached its biggest publicly traded rival, AvalonBay Communities, of Arlington, Va., last January to become its minority partner in the deal.
Fashion designer and marketer Calvin Klein Inc. said yesterday that it had decided to remain an independent, privately held company, quelling speculation that the fashion powerhouse was considering a merger with a publicly traded rival.
CIT, whose P/E is 10, is slightly more affordable than its chief publicly traded rival, Heller Financial (13).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com