Exact(48)
That's a fraction of the $1.8bn valuation when the company went public in 1999.
The shares were still boasting a fairly frothy valuation when we tipped them, but they're even frothier now at 1160p.
As a matter of fact this was exactly M. Féral's valuation when the picture was finally put up.
That means its valuation when it goes public is likely to wind up well short of Blackstone's.
The company's market value is more than £2bn higher than the £3.3bn valuation when the shares floated.
"You can't sit here with a high valuation, when everything else is crashing around you," said Kathleen Smith, a principal at Renaissance.
Similar(12)
So auditors have to weigh in with valuations when the firm values its holdings.
It's hard to hold down valuations when the momentum is pushing in the other direction.
His firms soared to huge stockmarket valuations when they had barely begun to work on their grand projects.
A naive belief in the Fed model makes investors push up equity valuations when bond yields fall.
BERKSHIRE opened a position in HCA, the hospital company that Mr. Check says is a "typical Buffett company -- with good cash flow and trading at attractive valuations when he bought it".
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