Originally Posted by
PulledBreaker
So fiscal year ending 2016, Frontier, has $612,000,000 in cash and $1,341,000,000 in total assets.
You Fapa invest guys need to dig into the filing. It clearly states that the proceeds of the IPO will be used to fund the pilot phantom equity program. Unfortunately, they value your entire equity at only $40,000,000.
That's interesting. Our equity stake is a percentage. If that's the case then it's very easy to value the company for this IPO. But...since they left certain numbers blank until later, which is normal, they used a low number for simplicity and convenience. The actual pricing of stock and valuation of the company doesn't come until the very end. And even that is a guesstimate causing huge ulcers for the underwriters.