Here’s what you’ll see:

• “Pre-IPO Studies Endure to Retain Foothold in the DLOM Toolbox” (BVR Editor). Pre-IPO studies have withstood criticisms and court challenges to remain a viable method for developing a discount for lack of marketability (DLOM). Over a third (38%) of valuation experts use them, according to a survey. Includes an interview with Brian Pearson of Valuation Advisors, a provider of the largest pre-IPO study.
• “Assessing Cybersecurity Risk When Doing a Business Valuation” (BVR Editor). Don’t fall into the trap of thinking that just large firms face material risks related to data security and privacy concerns. Here’s a checklist for the guidance of valuation professionals to help assess these risks when performing a business valuation.
• “Survey Reveals BV Firms’ Billing Practices and Rates” (BVR Editor). How do your billing methods and rates stack up against other firms? Here are the results of BVR’s survey of over 160 business valuation, forensics, and litigation services (BVFLS) firms.
• “Examining the Correlation Between IP and Startup Valuations” (Efrat Kasznik, Foresight Valuation Group LLC). Based on recent studies, this article discusses the role that intellectual property (IP) assets play in startup valuations and the IP strategy startups implemented that recently went public.
• “Rollover Equity: Don’t Just Take It at Face Value” (Charles Sapnas, Valuation Research Corp.). The rights and preferences of rollover equity compared to the private equity sponsor’s shares and the sources of deal financing have important implications for valuation.
• “10 Special Risk Factors to Consider When Valuing a Dental Practice” (BVR Editor). Historically, dental practices have had a higher failure rate than the average business because of the special risks these entities face.

The issue also includes:

• An expanded section of “BV News and Trends/Global BV News and Trends.”
• Regular features: “Ask the Experts” and “Tip of the Month.”
• BV data spotlight: “DealStats MVIC/EBITDA Trends,” “FactSet Mergerstat/BVR Control Premium Study,” “Economic Outlook for the Month,” and the “Cost of Capital Center.”
• BVLaw Case Update: The latest court cases that involve business valuation issues.

To stay current on business valuation, check out the February 2020 issue of Business Valuation Update.