Buying IPOs on the open market Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Buying IPOs on the open market

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TIG who wrote (3729)	10/22/1999 12:40:00 PM
From: nick stalin	Read Replies (2) of 5529

If SCMR opens up at $230 a share, it will roughly have a market capitalization of $18 Billion. That is a huge premium for a company that only has $800,000 in revenues. Consider this, these guys are the same people that started Cascade Communications, a company that ASND bought, which as you all know, was bought out by LU. Cascade got bought out at around $3.5 Billion in 1997 by ASND. The company however had $500 million in revenues. So the company was bought out at around 7 times sales. Let's see, what is the price sales of this company? Imagine how much Cascade would have been sold today, $200 billion? My two cents.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next