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  "documentTitle": "33 IBD presentation 2020 Gridsum Holding Inc Houlihan Lokey 1",
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  "presentationDate": "2020-01-01 00:00:00",
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  "notes": "Includes summary statistics (Low, High, Median, Mean) and specific data for Gridsum as of two different dates.",
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      "text": "Source: Bloomberg, Public filings and Capital IQ. Note: No company used for comparative purposes is identical to the Company. 1. Enterprise value equals equity market value + debt outstanding + preferred stock + minority interests - cash and cash equivalents. 2. Based on closing prices as of 9/25/2020. 3. Based on diluted shares. 4. Multiples based on forward looking financial information may have been calendarized to the Company's fiscal year end of December 31st.",
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      "text": "The U.S & China-Listed Low Growth Software companies represent software companies listed in the U.S. and China that are financially similar to the Company in terms of size, historical and projected revenue growth and EBITDA margins.",
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