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      "text": "194. Which valuation methodology do you think is the most important in an IPO? \"Public Comps is the most important valuation methodology in an IPO.\" The company going public is not being acquired. Therefore, you wouldn't use Precedent Transactions or LBO analysis. IPO doesn't involve very heavy financial modeling. Bankers usually just rely on Public Comps to set the valuation.",
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      "text": "193. Can you use Trading Comps and Precedent Transactions to value a public company? What about a private company? \"Yes, we can use Public Comps and Precedent Transactions to value both public companies and private companies.\"",
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      "text": "195. Let's say you're an investment banking summer analyst working on a deal. How would you visually present these valuation multiples to the client? \"There are four ways I can present these valuation multiples to the client. First, I can show Public Comparables and Precedent Transactions in a table. Second, I can show these multiples in a bar chart. Third, I can show Public Comparables as a line chart, showing how the multiples evolve over time. And lastly, I can show the results from the two analyses in a football field chart.\"",
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      "text": "flexibility can also be a disadvantage. Stock market is volatile so the multiples will fluctuate. Another big disadvantage is that the two methodologies promote group-think. They value our company based on how investors value similar peers. As a result, if investors undervalue peers, they'll also undervalue our company.",
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