even at 25% retention of IPO issued shares would be $125M mark to market valuation within the portfolio which shines a light on the current market cap (with the validation of this as a true value in that it would be being 'bought' at this pricing point by the market in terms of the 75% being taken up)
add on to that whatever is taken off the table from the raised money and you have a fairly hefty 'realisation' of value there for CFE
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