Cogliati, Giordano; Paleari, Stefano; Vismara, Silvio - Dipartimento di Ingegneria Gestionale, Università … - 2010
This paper studies the valuation of companies going public and defines a methodology to infer the growth expectations implicit in their IPO prices. The proposed reverse-engineered DCF model is operable by individual investors, as it does not require access to private information or sell-side...