Those are some pretty phenomenal figures Lee is throwing around there. Book value of $7/sh and revenue of $400 mil at the time of the Asian spinoff. And based on expected and historical levels of profitability that should amount to around $2/sh in earnings. I wonder what multiple of earnings he will seek in the offering.
Did he talk about IPO:in 25% of the subsidiaries? Isn't that a bit much? Wouldn't it be better to IPO only 10-15% and give the rest of the shares to the shareholders?
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