Question: complete all parts to the problem 150 Question Help Three years ago. you founded Outdoor Recreation, Inc., a retailer specializing in the sale of equipment
150 Question Help Three years ago. you founded Outdoor Recreation, Inc., a retailer specializing in the sale of equipment and dothing for recreational activities such as camping, sking, and hiking. So for your company has gone through three funding rounds Round Date Investor Shares Share Price (5) Series A Feb. 2002 You 600,000 1.50 Series B Aug, 2003 Angels 1.100,000 Series Sept 2004 Venture Capital 2,300,000 3.00 It is currently 2012 and you need to raise additional capital to expand your business. You have decided to take your firm public through an IPO. You would like to issue an additional 50 milon now shares through the IPO. Assuming that your firm successfully completes as IPO, you forecast that 2012 net income will be 56.5 milion . Your investment Banker advises you that the prices of other recent IPOs have been set such a tho Pratos based on 2007 forecasted camnings average 22.0x Assuming that your IPOs set at a price that implies a similar multiple, what will your IPO price per share be? b. What percent of the firm will you own after the IPO? a. Your investment banker advises you that the prices of other recent IPOs have been set such that the Perion based on 2012 forecasted oamings averige 22.0X Assuming that your IPOs set a price that implies a similar multiple, what will your IPO price per share ? The total value of the firm the IPO is million (Round to the nearest Wager)
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