Do PE Acquisitions of Public Startups Imply We've Hit a Pricing Bottom?
Tom Tunguz
AUGUST 7, 2022
But no relationship exists between the Nasdaq’s price level & multiples. Zendesk & Anaplan announced their acquisitions within days of each other & their multiples bound the outer edges of the range: 5.1x & 13.4x. The more free cash the company produces, the lower the acquisition multiple. Growth Rate.
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