A principal reason for going public is to fund expected future growth. An offering price of $28 per share for Netscape's stock can not be justified. Netscape is expecting capital expenditures (capex) of about $12m for 1995.
Original Description:
Original Title
1.2. Netscape Sample Soln by a Student in a Previous Offering of the Course (2)
A principal reason for going public is to fund expected future growth. An offering price of $28 per share for Netscape's stock can not be justified. Netscape is expecting capital expenditures (capex) of about $12m for 1995.
A principal reason for going public is to fund expected future growth. An offering price of $28 per share for Netscape's stock can not be justified. Netscape is expecting capital expenditures (capex) of about $12m for 1995.