IPO - East 33 Limited, page-11

Fully diluted this baby will have a MC of like 115 mil and an EV of like 90m. Take a look at the finances below. They already have scale and making 3mil Net profit. Then take a look at growth year on year in terms of revenue but growth in terms of net profit... No way will I pay 30x profit for a business which is already established like this and indicating prfit will deteriorate year on year. Also look at employee benefits sky rocket! I also track all IPO's and cannot find teh lead manager leading any IPO in the last 4 years. Good luck to those in it but not for me.