Time to Trash Discounted Cash Flow as a Valuation Tool

By Arturo Cifuentes October 24, 2016 by renholding

What is the value of an asset? That is the ultimate financial question, the equivalent of Hamlet’s “To be or not to be.” Of course, we all “know” the answer: the present value of its future cash flows. Push an …

IPO Pricing as a Function of your Investment Banks’ Past Mistakes: The Case of Facebook

By Laurie Krigman and Wendy Jeffus February 3, 2016 by ilyabeylin

On May 18, 2012 Facebook (FB) held its initial public offering (IPO) on NASDAQ, raising over $16 billion making it one of the largest IPOs in history. To the surprise of many investors, there was almost no underpricing, as the …

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Columbia Law School's Blog on Corporations and the Capital Markets

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Time to Trash Discounted Cash Flow as a Valuation Tool

IPO Pricing as a Function of your Investment Banks’ Past Mistakes: The Case of Facebook