Restricted stock discounts decline as result of 1-year holding period
This article addresses the changes in the marketplace for restricted securities that have occurred since 1990 and the impact that those changes have had on the overall level of discounts for lack of marketability for these securities.
Markets awash in capital for private equity financing
The Institute for International Research presented a new conference, "Financing Privately-Owned Middle Market Companies," in Atlanta Jan. 25-26. Although the conference was poorly attended, there were ...
Marketability discounts are real
Rand M. Curtiss in his article, "A Practical Methodology for Determining Premiums and Discounts," December, 1997, Business Valuation Review , stated what many others have opined ...
Marketability discounts: new empirical evidence and questionable attack
Two recent studies now on BVU Online Management Planning recently released a study on restricted stock transactions from 1980-1995,1and Robert W. Baird & Co. just completed the eighth instal ...
Consolidation IPO creates liquidity for new company
We brought you an example of a "consolidation IPO" in the medical field last year (see Spotlight Valuation, 5/96 p. 3), and here's one in the travel industry. The general idea is that a group of small ...
ASA conference offers valuable insights, part 1 of 2
Charlie Elliott of Howard Barker Frazier & Elliott chaired the business valuation portion of the American Society of Appraisers Annual International Conference held in Houston June 23-25. There wa ...
Capital markets eager for "middle market" deals
Speakers at the Association for Corporate Growth annual Capital Markets Panel in La Jolla, April 20, made clear that there's an abundance of both debt and equity capital available to small- and medium ...
Netscape IPO shows that valuation is not an exact science
The next time someone hassles you about precision in the valuation of a speculative stock or company, call to their attention examples like the Netscape affair. In this story, our data editor summariz ...
Minority Share Gifts: Court Finds 30% Discount for Lack of Marketability
The parties stipulated to freely traded minority interest values, so the only issue was the discount for lack of marketability.
Mandelbaum v. Commissioner
At issue is the amount of discount for lack of marketability that should be applied to determine the fair market value of certain shares of stock owned by some or all of petitioners.