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The value of marketability as illustrated in IPOs: May 1997 - December 2000
Business Valuation Update
Vol. 7 No. 10
October 2001
John D. Emory, Jr., CFA, JD/MBA
John D. Emory, Sr., ASA
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Tags:
pre-IPO study
,
discount for lack of marketability (DLOM)
,
convertible preferred stock
Summary
A critical aspect in determining the fair market value of closely held securities is the discount for lack of marketability. The term discount for lack of marketability is a general term in business v ...