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If OpulCars's revenues in Manchester grow by 30% next year, what will their market share be? Recent Performance (In millions) 96.20 58.80 36.70 33.23 11.32

If OpulCars's revenues in Manchester grow by 30% next year, what will their market share be?image text in transcribedimage text in transcribedimage text in transcribed

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Recent Performance (In millions) 96.20 58.80 36.70 33.23 11.32 5.73 2014 2015 2016 Gross Profit Total Revenue Share of Revenue by Location Edinburgh Edinburgh 20% London 44% London 39% 31% Rest of U.K. 13% Rest of U.K. 8% Manchester 22% Manchester 23% 2015 2016 Silicon trader THE NEW LUXURY RIDE: OPULENCE IN TRANSPORT by Kevin Harrington Luxury rideshare firm OpulCars prices at 124 pence per share today after an initial Public Offering (IPO), valuing the firm at 136m. Its biggest backer, MelCorp, is selling 75 percent of its holdings and will be left holding 8 percent of the firm's shares The founders will sell 50 percent of their shares and be left with 21 percent of the firm. Finally, GBO, the last of the firm's backers is selling 18 percent of its shares , leaving them with 9 percent of the firm. After the IPO, 60 percent of OpulCars stock will be sold. The shares are being sold for 83.4m. Markets had expected 45 percent of the stock to be available, but high demand pushed the sale up another 15 percentage points. It is understood that investors would have bought more, but MelCorp was keen to hold on to some of the company. The entire offering was covered by UK funds, without the need to tap up overseas buyers. OpulCars has expanded into foreign markets recently and many investors feel they have the potential to gain even more global traction. The buzz caused by this IPO has been electric - let's see if OpulCars can live up to expectations. stion 8 of 26) If OpulCars's revenues in Manchester grow by 30% next year, what will their market share be? OpulCars is a small luxury ridershare company. We were founded in 2010 by a team of data scientists from the United Kingdom. Our mission is to change people's experience of transport - moving away from mere convenience and practicality into a luxurious and unforgettable experience, allowing everyday individuals to arrive at their destination in style. We began life as a small start-up and have grown into a publicly traded company, after our Initial Public Offering in 2014. After our floatation, we have continued to grow in the U.K., and our current share price is 152 pence at time of publication. Scree Thes

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