Question: Wesen Corp. plan to launch NASDAQ through initial public offerings (IPO). After IPO, there will be 5 million shares of common stock outstanding. In this

Wesen Corp. plan to launch NASDAQ through initial public offerings (IPO).

Wesen Corp. plan to launch NASDAQ through initial public offerings (IPO). After IPO, there will be 5 million shares of common stock outstanding. In this year, the company has net income of $15 million and sales of $60 million. If the average PE ratio for the companies in the same industry is 20 and the average price-sales ratio is 6. What is the reasonable offering price? (25 points) Show your calculation to get full points

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