With the recent Facebook IPO‚ many analysts and Wall Street experts are wondering‚ Is Facebook going to be a relevant Social Media company over the next 5-10 years? Facebook is a free service to its users that allows its customers to keep in touch with friends and family and makes money through advertising. (Lewis‚ 2010) But if 44% of its users never click on those ads‚ will advertisers continue to spend a portion of its marketing budget on Facebook advertising? (Reisinger‚ 2012) Facebook is the
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The Google IPO Pre-IPO Initiated from their dorm rooms at Stanford University while they were the Doctoral students major in computer science‚ Larry Page and Sergey Brin founded Google in 1998 with the $1‚000‚000 funded by the angel investors. In fiscal 2003‚ Google has generated $961.9 million in revenue and posted $105.6 million in net profit. Head-on competing with another search giant Yahoo.com‚ with 60 million internet users‚ Google has become one of the most powerful search engines
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Facebook‚ Inc: The Initial Public Offering 1. How does Facebook make money? What are the value drivers of its business? What is its comparative advantage relative to other social networking companies? (1) Facebook makes money from the following three main fields First is the advertising. According to the case‚ we know that the major revenue of Facebook is advertising‚ which took up 98 percent in 2009‚ 95 percent in 2010 and 85 percent in 2011. Facebook uses all information uploaded
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and to create the best business model. Nevertheless‚ we think that as an IPO company‚ Blackstone must fully disclose its financial statements and it is also the must-pay and tradeoff to lower the costs of capital. This is also the problem that Blackstone couldn ’t wholly resolve from purely adjusting the financial structure. 2. Risk of employees resigning triggered from the change of compensation package Before going IPO‚ underwriters raised the concerns from unitholders: ‘though it will bring
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Case (1)：The Blackstone Group’s IPO 1. What are the built-in tensions with a public private equity firm? How does Blackstone’s structure attempt to reconcile them? 2. If you were an LP in Blackstone‚ how would you view the structure Blackstone has put in place to go public? 3. Would you rather be a unitholder in Blackstone or an LP? 4. As a potential employee‚ how you evaluate the Blackstone compensation package against a commensurate offer from a similar large-scale private equity firm that
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DCF Modeling Copyright 2008 © by Wall Street Prep‚ Inc. ***************************** SAMPLE PAGES FROM TUTORIAL GUIDE ***************************** Table of contents SECTION 1: OVERVIEW DCF in theory and in practice Unlevered vs. levered DCF SECTION 2: MODELING THE DCF Modeling unlevered free cash flows Discounting to reflect stub year and mid-year adjustment Terminal value using growth in perpetuity approach Terminal value using exit multiple approach Calculating net debt Shares outstanding
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IPO Process Stock offered to public Approval by SEBI Draft Offer document filed with SEBI Negotiate the deal Investment Bankers (Underwriters) Company
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Oil & Gas Valuation – Quick Reference http://breakingintowallstreet.com Oil & Gas Valuation: Comparable Public Companies & Precedent Transactions Picking a set of comparable companies or precedent transactions for an oil & gas company is very similar to how you would pick them for any other company – here are the differences: 1. Rather than cutting the set by revenue or EBITDA‚ you would instead select the set based on Proved Reserves or Daily Production (in addition to the normal geographic and industry criteria)
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Summary David Neeleman founded JetBlue in 1999. David Barger was previously president and COO of JetBlue‚ and then was promoted to the CEO role. Steven Predmore‚ was the vice president and chief safety officer. Vicky stennes was the vice president of in-flight service. Tom Anderson was senior vice president of Fleet Programs. Scott Green was vice president of flight operations. Russ Chew was the new COO of JetBlue. JetBlue was one of low-cost carriers (LCC)‚ serving by mainly two models of airplanes:
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Analysis of JetBlue Airlines JFK Hub The JFK Airport hub in New York City is a tangible physical resource of JetBlue. This hub provides significant size and location capabilities. The airport is a large population center‚ with 19 million people within the 60-mile radius. The hub is also at the heart of some underserved markets‚ including upstate New York and the New England region. This resource also has political support from the state government. This support allowed JetBlue to be exempt
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