Baidu CASE: A-197 DATE: 02/05/09 BAIDU.COM‚ INC.: VALUATION AT IPO Since its official launch in January 2000‚ Baidu.com‚ Inc. (Baidu) quickly grew to become the leading Internet search engine in China. After three rounds of private funding‚ Baidu registered to go public on the NASDAQ Stock Market (Ticker Symbol: BIDU) on August 5‚ 2005. (See Exhibits 1 and 2 for a listing of Baidu’s private funding sources and pre-IPO share allocations.) The initial public offering (IPO) turned out to be one of
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Valuation of Common Stock Ashok Banerjee Common (Equity) Stocks • Because common stock never matures‚ today’s value is the present value of an infinite stream of cash flows (i.e.‚ dividend). • But dividends are not fixed. • Not knowing the amount of the dividends—or even if there will be future dividends— makes it difficult to determine the value of common stock. • So what are we to do? Valuation Models • Dividend Valuation Model (DVM): – Constant dividend: Let D be the constant DPS: The required
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Autumn Bartlett A Separate Peace One of the main focuses in the novel A Separate Peace is the friendship of Gene Forrester and Phineas. One would assume that two completely opposite people wouldn’t have such a strong relationship. They both have different views of the world. Where one would find strength the other finds weakness. With having two opposing personalities as the main characters‚ it’s easy for the reader to identify with one more than the other. It also gives
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Jealousy is one of the strongest emotions in the book A Separate Peace by John Knowles. What makes this feeling so dangerous is that it’s mixed in with admiration‚ respect‚ and love. Those are all the ingredients for the very confusing friendship between the protagonist Gene‚ and his best friend/enemy Phineas. Despite their friendship‚ jealousy drives Gene to unthinkable and unimaginable actions‚ which are least understood by Gene himself. Three of the most effective examples that explain the the
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Chapter One: “I didn’t entirely like this glossy new surface‚ because it made the school look like a museum‚ and that’s exactly what it was to me‚ and what I did not want it to be” (Knowles 9). By the way this story is already narrated; I can tell that this man will be telling a story about his past. From what I know is that this story is taking place during World War II. Is he visiting a place he did not like to be during a teenager? Did something bad happen to him being at Devon School? How
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earth? Well‚ you should be. In the First World War‚ one thousand six hundred and forty nine Canadian soldiers under the age of eighteen risked their lives‚ and three hundred and sixty five of these soldiers died for our freedom. In the novel‚ “A SEPARATE PEACE”‚ by John Knowles‚ The main character Gene undergoes various situations that are influenced by the war‚ including the incident of Gene jostling the branch causing Phineas to fall from the tree‚ the participation of contributing to the war‚
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Al Abdel-Razzaq A Separate Peace (rough) There are many well-known themes in the book A Separate Peace. One of the most themes is a coming of age for the boys who live and learn at Devon school. For some boys at this school‚ a coming of age means more opportunities‚ and for some others‚ means a chance to go from being a boy‚ to becoming a man. A large contradiction in this book is innocence vs. ignorance. For some boys the innocence will be destroyed in order for a coming of age to take place
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Separate but equal was a legal doctrine in the United States constitutional law according to which racial segregation did not violate the Fourteenth Amendment . The United States Constitution‚ adopted the legal doctrine in 1868‚ which guaranteed "equal protection" under the law to all citizens. ( “Separate but Equal - Separate Is Not Equal.” ) However‚ the law seemed it could serve “equal protection” adopting laws of separatism. Statements made by people of the Jim Crow era have said‚ “public schools
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From a young age‚ we are taught that strength of character leads to success. In schools and in homes across the world‚ young people are taught basic things like: kindness‚ sharing politeness and good humor. In A Separate Peace‚ author John Knowles shows us how strength of character impacts Phineas’s and Gene’s relationship and the course their lives take. Lance Armstrong’s recent fall from grace as reported in (site 3 sources) also suggests how strength of character impacts his downfall. Arguably
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CFS WRITE UP ON CASE 6 BY SUSHMA T Session 6 – Structuring Repsol’s Acquisition of YPF Suggested Questions: 1) How significant are the expected synergies and restructuring effects? Please prepare an estimate of the value of these. For Repsol and its shareholders‚ the YPF acquisition deal is seen as an ideal strategic match. The Spanish oil company gets most of its revenues from activities like refining and gasoline stations‚ and must buy much of its crude oil from others‚ while YPF owns
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