This Newsletter is a follow-up to the 30 March 2007 Newsletter Early Stage Valuations – A Venture Capital Approach. Since then we have extended our framework for the valuation of high-growth/pre-revenue companies. The Valuecruncher valuation report for early stage companies incorporates the Venture Capital (VC) approach and a detailed discounted cash flow (DCF) based scenario analysis. This Newsletter focuses on the appropriate DCF framework to use for early stage companies. Read more…

Valuecruncher has had a significant number of new subscriptions to the newsletter over the last month. For the benefit of new subscribers Valuecruncher would like to take the opportunity to highlight some of the most popular past newsletters.


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Early Stage Valuations - A Venture Capital Approach

Comparable Company Valuations

The Cost of an IPO in New Zealand

The recent initial public offerings (IPOs) of Xero and BurgerFuel have cast the spotlight on the capital raising options for growth companies in New Zealand. This newsletter examines on the costs of an IPO for a growth company in New Zealand. This analysis focuses on growth companies that cannot raise significant amounts of debt due to the uncertainty surrounding their expected earnings. Read entire newsletter.

It looks like it is official - Rupert Murdoch’s News Corp has acquired Dow Jones & Co for approximately US $5 billion. The takeover prompted concerns over the editorial integrity of Dow Jones & Co’s publications including The Wall Street Journal and Barron’s Online. Extended negotiations with the Bancroft family included members of the family seeking alternative acquirers. Based on Valuecruncher’s analysis the offer just looked too good. We will be interested to observe how Murdoch integrates the acquisition into the News Corp empire.