Critique of attacks on private placement and pre-IPO studies for determining marketability discounts

Business Valuation UpdateVol. 7 No. 8
August 2001
Shannon P. Pratt, CFA, ARM, ABAR, FASA, MCBA, CM&AA


Two recent articles by John J. Kania, Ph.D., in Business Valuation Review 1 , regarding discounts for lack of marketability contain questionable facts and methodology, and could lead readers ...