RE: $8B market cap for a company that has zero revenue
Posted on: October 25, 2021 at 07:41:08 CT
raskolnikov MU
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"DWA said it has raised roughly $293 million in cash, which it will use to grow TMTG’s ventures. Among the company’s biggest shareholders are several institutional investors, including Lighthouse Investment Partners, D. E. Shaw & Co., and Radcliffe Capital Management, according to an SEC filing.
The deal has an initial enterprise value, a measure that takes into account a company’s total debts and assets, of $875 million, according to the release."