In some cases, yes, but they rely on information provided by FB during that process. Once underwriting crunches the numbers, they'll put fair value to it. I personally think FB did a 180 at the last second on revenues, but the UW team in a precarious position, even though the value was set, they back peddled, but the UWs legal team will say "this is what was given" and the hammer falls where the buck stops.
Just sayin' how it all works.
Looooooooooooooong LEGAL FIGHT ahead...that may be uninsured.
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