"In its last quarter Facebook had $1bn of revenue and 40% pre-tax operating margins"
The key execs and advisors involved in IPO were not conservative with the valuation. Do not be surprised if those same biases influenced some of the pre-float numbers.
A cautious CFO may not always tell people what they want to hear short-term - but they will deliver a much stronger performance over the long.
The key execs and advisors involved in IPO were not conservative with the valuation. Do not be surprised if those same biases influenced some of the pre-float numbers.
A cautious CFO may not always tell people what they want to hear short-term - but they will deliver a much stronger performance over the long.