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NYPPEX Report: Facebook, Twitter, Tesla, etc. Valuation Discrepancies Widen

2010-05-20 12:01
  • English

GREENWICH, Conn. -- (BUSINESS WIRE) --

NYPPEX, a leading global secondary private market advisory, trading and research firm for illiquid assets released to customers its report, Secondary Market Valuation Discrepancies Among Venture-Backed Private Companies (the "Report"), which comments on the fair values for selected venture-backed private companies.

NYPPEX reports that odd-lot secondary prices for Twitter, Inc. (+365%); Facebook, Inc. (+204%) and Tesla Motors, Inc. (+154%) may be significantly overvalued versus industry median enterprise value to estimated revenue multiples.

The Report also concludes that odd-lot secondary prices for Zynga, Inc. (+9%) and LinkedIn Corp. (5%) are only slightly overvalued when compared to industry median enterprise value to estimated revenue multiples.

"In effect, they are betting on further significant revenue growth and a highly successful IPO," says Laurence Allen, Managing Member of NYPPEX, regarding secondary odd-lot buyers. "If one of those two events do not materialize, then today's secondary investors may be providing the exit."

For a full copy of the report, please sign up for a free trial subscription to the NYPPEX Private Equity Research, Data and Risk Analytics by clicking here or visiting the NYPPEX website at www.nyppex.com.

Over 425 leading institutions worldwide utilize NYPPEX for secondary private market insights, pricing and risk management.

About NYPPEX

Established in 1998, NYPPEX is a global securities firm specializing in secondary private market advisory, trading, credit facilities, principal investments and research for illiquid asset classes. The Company provides access to private market liquidity for interests in private partnerships (e.g. buyout, venture, natural resources, real estate, hedge funds etc.), unregistered equity and debt related securities in private companies and their respective derivative instruments. The NYPPEX IPL Private Trading SystemTM matches buy and sell orders, anonymously and at low transaction cost, via a secure issuer-controlled platform. Since 2004, the NYPPEX QMSTM has been recognized by the U.S. Internal Revenue Service (through private letter ruling PLR-111165-04) as a Qualified Matching Service for private partnerships under Internal Revenue Code §1.7704. Member FINRA and SIPC. www.nyppex.com.

 

CONTACT:

NYPPEX
MaryAnn Sapione, 203-422-5000 x220
Vice President of Communications
inquiries@nyppex.com