Re: Party IPO - The Smartest Poker Players in History?
Matt,
The total valuation will be well more than 12 times their earnings. Also, the founders are keeping 40% shares of the company. They can diversify the other 20% of their assets which is probably a good move because there is a lot of risk in their business.
Edit:
This also allows them to reward their employees with stock options and early access to the shares. My assumption is that this was part of their decision.
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