IPO Pricing in the previous question, would it affect your thinking to know that the company was

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IPO Pricing in the previous question, would it affect your thinking to know that the company was incorporated less than four years earlier, had only $30 million in revenues for the first nine months of 2003, and had never earned a profit? Additionally, the company had only one product, Macugen, which had won fast-track status from the FDA, but still did not have approval to be sold.

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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