Based on an industry (Technology) multiple EBITDA to EV value of 15x (On the lower end of the market https://www.statista.com/statistics/1030065/enterprise-value-to-ebitda-in-the-technology-and-telecommunications-sector-worldwide/ ) PIR would have a market value in the region of 1.35 billion USD. However given the fact that PIR is currently incorporated as a 501c3 and the downward looking market trend for the domain registry industry, I would expect a 30-50% discount on that EV. This would give a final transaction value in the 700-950m USD before costs and tax implications etc.
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James Gannon
On 23.11.19, 14:11, "NCSG-Discuss on behalf of Sam Lanfranco" <NCSG-DISCUSS at LISTSERV.SYR.EDU on behalf of lanfran at YORKU.CA> wrote:
A business analyst could give a ball-park figure for the asset value of PIR under current registration fee rates. A purchase price significantly above that would suggest planned rate increases, unless one though that the buyers were making a “charitable contribution” to ISOC, an unlikely proposition.
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