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Deja Vu #11: Can Restricted Stock Studies Be Used to Estimate DLOMs for Dividend-Paying Companies?

Chris Mercer

Were also bigger and had higher market capitalizations and better operating performance, on average. The expectation of larger future dividends relative to smaller future dividends would mitigate the marketability discount for the higher dividend-paying investment. This is just common sense. Refer to the initial figure.

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Startup Valuation: The Ultimate Guide

Equidam

10] Initial Public Offerings (IPOs): While the ultimate pricing of an IPO is determined by public market demand and conditions, pre-IPO valuations set by late-stage private rounds guide expectations and internal planning. [11] 1] , [21] , [23] , [29] The terminal value is estimated by applying a relevant market multiple (e.g.,