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5,038 Posts.
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28/04/16
11:53
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@freekid29
You forgot the cancellation of 120M options that would have raised an additional A$3M (placing price +25%).
They needed at least A$9 less than previously thought.
Valuation would be tricky at the moment, given the gross profit margin of over 90% on the one piece of actual info we have.
We know they are going to sell on data blocks to advertisers at a significant margin, but I doubt it will be in the 90% range.
Really need to see what the gross margin is across the multiple revenue streams etc before getting to a valuation multiple.
LOTM
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