Your firm has revenues of $650 million and earnings of $80 million. You'd like to determine the value of your stock by looking at comparable firms before going public. You gather information for the following firms: What is the range estimate of the IPO if you intend to have 100 million shares outstanding after the IPO?

Firm Stock Price Shares Outstanding Revenues Earnings

A $32 250M $1.6B $500M

B $68 50M $0.9B $150M

C $11 900M $2.3B $800M

D $120 60M $1.4B $500M

A. $13.09 - $26.62

B. $22.01 - $29.98

C. $14.68 - $23.44

D. $19.54 - $24.65