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Case3_preview - (2) Comment on the difference in use of...

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Case #3: Investing in Sponsor-backed IPOs: The Case of Hertz 1. The difference between sponsor-backed and growth-oriented IPOs: (1) Gather the following information from the registration documents of Hertz and LinkedIn IPOs from the SEC EDGAR system. Proceeds: Underwriters: Use of proceeds: Ownership structure (the top 3 shareholders): Capital structure (based on the most recent financial statement in the filing documents):
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Unformatted text preview: (2) Comment on the difference in use of proceeds and ownership/capital structure you observe on the two IPOs. 2. Would you buy the Hertz IPO at an offer price of $15? Support the decision with your valuation analysis using market multiples (attach the spreadsheet of your analysis if needed)....
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