Question: A recently listed technology company VERY BIG DATA LTD has stated balance sheet shareholder funds of $235m following a $200m capital raising through a placement

A recently listed technology company VERY BIG DATA LTD has stated balance sheet shareholder funds of $235m following a $200m capital raising through a placement of 250 million new ordinary shares at an issue price of $1.25. Following the placement there is now a total of 300 million issued shares. In addition, the balance sheet of VERY BIG DATA LTD shows gross bank debt of $1,600m and net bank debt of $1,400 million. In addition, the balance sheet reflects goodwill of $300m and net working capital of $75m. After recent gains the listed share price of VERY BIG DATA LTD is now currently $2.00. 


The enterprise value of XYZ is:

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