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But in early March we became uncomfortable with valuations.
"We will continue to struggle with valuations as the goal posts continue to move".
So auditors have to weigh in with valuations when the firm values its holdings.
That's about on par with valuations for the broad market at the time.
News Corporation will use the investment banker Bear Stearns and Saban will use Morgan Stanley to come up with valuations.
Salesforce billionaire Marc Benioff says unicorn startups with valuations over a billion dollars are taking too long to go public.
The ease with which the bank hid losses and fiddled with valuations should be a major concern to investors.
"Investors don't want stocks with valuations that rival the national debt," said Scott Sweet, senior managing partner of I.P.O.
Similar(3)
But that is not the case with valuation.
Expected to launch IPO next year with valuation at $11 billion.
I say, 'Look, you're obsessed with valuation and we're obsessed with value'".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com