Just done some rough numbers around the strategic investment plan presented in the 2019 AGM slide above.
Assuming the following;
- Pre IPO: $40M raised $1.25 = 32M new shares
- IPO: $150M raised @ $2 = 75M shares
This will result in 500M shares on offer & assuming a SP of $2 gives Qbiotics a MC of $1B.
The question is what do we see that Qbiotics MC will be post IPO years?
- 2 years post IPO, MC of $2B = $4 SP ? Revenue of $30M
- 4 years post IPO MC of $5B = $10 SP ? Revenue of $80M
- 8 years post IPO MC of $8B = $16 SP ? Revenue of $130M
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Just done some rough numbers around the strategic investment...
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