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Goldman Sachs Needs This IPO To Go Extremely Well

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Restraint on the valuation is nonetheless warranted. Suppose Petershill can generate $350 million in income subsequent yr (it made $310 million within the 12 months to June 30). Deduct central prices, Goldman’s 7.5% charge, curiosity and tax, and earnings in 2022 may very well be not less than $250 million. Rival Bridgepoint Group Plc listed in July at round 23 occasions subsequent yr’s estimated earnings. This a number of would worth Petershill at practically $6 billion, and that’s earlier than factoring within the strategic good thing about elevating $750 million within the IPO.

https://www.washingtonpost.com/enterprise/goldman-sachs-needs-this-ipo-to-go-extremely-well/2021/09/07/0af484a2-0faa-11ec-baca-86b144fc8a2d_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Goldman Sachs Wants This IPO To Go Extraordinarily Nicely

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