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Unicorn is a private company planning to do an IPO of 100 newly issued shares. Unicorns investment banker, Morgan Snoopy estimates that Unicorns current EV

Unicorn is a private company planning to do an IPO of 100 newly issued shares. Unicorns investment banker, Morgan Snoopy estimates that Unicorns current EV is $1,000. Unicorn has zero cash, zero debt, and 100 share outstanding before IPO. Unicorn plans to invest the IPO proceeds in a project with zero estimated NPV. Morgan Snoopy wants to price the IPO so that the post IPO market price is 30% greater than the IPO price (30% post-IPO Run-up). What is the IPO price that will achieve this goal

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