Three years ago you founded your company (you were the Series A investor). The firm has been through 3 more rounds of financing. You are ready for another round of financing. You have decided to IPO. You would like to issue 6.5M shares. You forecast your net income this year will be $7.5M. Your IB tells you that recent IPOs have had PE ratios of 20. What will your IPO share price be? What percent of the firm will you own after the IPO? What is your stake worth? Series Price Shares Series A 1.00 500K Series B 2.00 1M Series C 3.50 2M