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  "documentTitle": "32 IBD presentation 2020 58.Com Inc. Houlihan Lokey 1",
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  "presentationDate": "2020-01-01 00:00:00",
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  "notes": "Includes a valuation table calculating the implied proportionate equity value based on ownership percentages.",
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      "kind": "callout",
      "text": "58 Daojia February 2020 Financing (81.9% owned by 58 Home) (56.3% effective ownership by 58.com)",
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      "text": "In 2019 and 2020, 58 Daojia completed a series of equity financings... In the most recent financing... 58 Daojia issued ~39.3 million Series B Preferred shares... The implied post money equity value... is ~¥9.6 billion or ~$1,350 million... The implied value of the Company's interest... is ~¥5.4 billion or ~$760 million",
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      "text": "Source: Company management, public filings, Capital IQ. Note: Per Company management... Note: Share counts... 1. Based on RMB to USD exchange rate... 2. Per Company management.",
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      "text": "Summary of Recent 58 Home Financing and Corresponding Implied Valuation",
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      "text": "Implied Proportionate Equity Value of 58 Daojia table",
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      "text": "Summary of 58 Daojia Recent Financing",
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