IPCPL and Margin Reversion: Implications for the Valuation of Small Privately Held Companies

Business Valuation UpdateVol. 21 No. 9
September 2015
Igor Gorshunov, MBA, CFA

Summary

The implied private company pricing line (IPCPL) model is a consistent market­implied approach to measure the cost of capital for private companies. Its key element is the cost of capital for the smallest private companies, derived from Pratt's Stats info ...