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Fate Chain · 2024年04月22日

【DLOM】的考虑条件

NO.PZ2023123001000017

问题如下:

The management of Starbeam LLC, a private company owned solely by its managers, is seeking to raise funds by selling an equity stake in the company while maintaining control. A private valuation expert recently estimated Starbeam’s company value based on its current status as a 100% management-owned company. Which type(s) of premiums and/or discounts would most likely be applied to the recent valuation in valuing the proposed equity stake?

选项:

A.

Control premium and DLOM

B.

DLOC

C.

DLOC and DLOM

解释:

B is Correct. The recent valuation would have reflected a control premium because of management’s controlling position and a DLOM because Starbeam is a private company, thus A would only be correct for the recent valuation, rather than the valuation of the proposed stake. C would not be correct because the DLOM would already have been applied in estimating the recent valuation. Thus, the proposed, non-controlling stake would only need a DLOC.

如何判断已经考虑了DLOM,感觉题目中条件给的不清晰呢,考试一般会怎么问呀,是不是只要提到是private valuation专家,估值默认就已经考虑了DLOM?

1 个答案

王园圆_品职助教 · 2024年04月22日

同学你好,是的,就像你说的,既然题目已经说了是private valuation专家(而所有非上市公司都是缺乏流动性的),此时的估值就是默认就已经考虑了DLOM了哦

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2024-03-26 17:40 1 · 回答

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2024-03-26 12:18 1 · 回答