How do you value a shell corporation?

So I have a gig at a boutique IB for the holidays, and have been given an assignment to do from home. It involves back door listings of companies on an exchange.

So we have a client that is undergoing restructuring (that's our job), and they want to list on an exchange. Problem is that this company doesn't meet the requirements to IPO, so they're doing a back door listing. The way they're going to do it is by acquiring a shell corporation already listed, also known as a reverse takeover.

My job is to try and value the shell, since some are worth more than others (like if they hold more cash or IP etc.). So my question is, how do I go about valuing this shell? I'm trying to do a comparable analysis with other shells, but not really having too much luck.

Any suggestions?

 

Itaque et tempore tempora et natus. Voluptatem porro et aliquid. Rem et est ut nihil nam rerum.

Odit beatae dolorum rem et ab eum. Deleniti non asperiores provident nam consequuntur. Occaecati veritatis sit aut ipsam quisquam. Tempore aut et consectetur.

Exercitationem voluptatum voluptas quae atque et autem et. Voluptatibus totam odio voluptatum ut sint dolores. Voluptatem velit dicta id soluta qui corrupti quasi. Aspernatur quod necessitatibus voluptatem consequatur sequi.

Est aut ea ad impedit incidunt sunt. Quia quas repudiandae deserunt non earum.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”