Why would the market cap for a company be lower
than its shares outstanding x share price?
Not exact matches
The reason: The biggest investors, like mutual funds and pension funds that held more
than half of all
outstanding shares, showed no interest in quibbling with boards» compensation committees.
The company has more
than 40 million Class B
shares outstanding, which carry 10 votes per
share.
That amounts to about 1.2 % of all
shares outstanding, which could be worth more
than $ 300 million if the company is valued at $ 25 billion (its last reported private valuation) when it goes public — and a lot more
than that over time if the stock goes up.
The number of
shares Coke will grant as a percentage of total
outstanding stock will be no more
than 0.8 percent in 2015 and an average of 0.4 percent for the remainder of the 10 - year plan.
With roughly 128 million
shares left
outstanding, Cloudera would have a public market valuation of around $ 1.7 billion, which is lower
than the $ 4.1 billion valuation it received in 2014 as part of a $ 900 million funding round.
Coke's plan passed, but yes votes represented less
than half of the company's
outstanding shares, after including abstentions and nonvotes.
It has since increased to more
than 14 % of
shares outstanding.
These sales represent less
than 1 % of
shares outstanding.
The following may be true of a potential takeover: • the company has fewer
than 50 million
shares outstanding; • management is dominated by persons near retirement age; • management's record on innovations and improving returns has been poor; • the company owns assets whose market values are potentially higher
than those shown on the balance sheet; • outside investors have been steadily buying the stock.
When the
shares of our Class B common stock represent less
than 5 % of combined voting power of our Class A common stock and Class B common stock, the then -
outstanding shares of Class B common stock will automatically convert into
shares of Class A common stock.
These purchases represent less
than 1 % of
shares outstanding.
At the same time, its
shares outstanding have more
than doubled while its economic earnings, the true cash flows available to shareholders, have declined from $ 93 million in 2009 to - $ 685 million TTM.
First, the stocks of companies with hundreds of millions of
shares outstanding are harder to move
than those of companies with fewer
shares outstanding.
All
outstanding shares of our Class B common stock will convert into
shares of our Class A common stock when the
shares of our Class B common stock represent less
than 5 % of the combined voting power of our Class A common stock and Class B common stock.
As of December 31, 2014, none of our non-employee directors held any
outstanding equity awards to purchase
shares of our common stock, other
than Messrs. McKelvey and Viniar and Dr. Summers as described below.
Pursuant to the Amalgamation, Huayra and Angel AcquisitionCo will amalgamate and the amalgamated company will become a wholly - owned subsidiary of Angel and Angel will acquire all of the 40,388,565 Class A common
shares of Huayra that are expected to be issued and
outstanding immediately prior to the implementation of the Amalgamation in exchange for a like number of post-Subdivision common
shares of Angel at a deemed issue price per
share of not less
than Cdn.
S. Robson Walton and Jim C. Walton are members of a group that beneficially owns more
than five percent of the
outstanding Shares.
Any participation by them in the nomination process is considered to be in their capacities as members of the Board and is not considered to be recommendations from security holders who beneficially own more
than five percent of the
outstanding Shares.
As of March 31, 2015, options to purchase 1,353,659
Shares were
outstanding under the 2010 Stock Incentive Plan and predecessor plans, with an average exercise price of $ 47.87 per
Share, all of which expire no later
than April 1, 2024.
(5) Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split - up, spin - off, combination, or exchange of
shares), the terms of
outstanding awards may not be amended to reduce the exercise price of
outstanding Options or stock appreciation rights or cancel
outstanding Options or stock appreciation rights in exchange for cash, other awards or Options or stock appreciation rights with an exercise price that is less
than the exercise price of the original Options or stock appreciation rights without stockholder approval.
on a pro forma basis, giving effect to (i) the automatic conversion of all of our
outstanding shares of convertible preferred stock other
than Series FP preferred stock into
shares of Class B common stock and the conversion of Series FP preferred stock into
shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with
outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per
share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue
shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million
shares of Class A common stock and 5.5 million
shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
No participant will have the right to purchase
shares of our Class A common stock in an amount, when aggregated with purchase rights under all our employee stock purchase plans that are also in effect in the same calendar year, that have a fair market value of more
than $ 25,000, determined as of the first day of the applicable purchase period, for each calendar year in which that right is
outstanding.
The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our
outstanding shares of convertible preferred stock other
than Series FP preferred stock into
shares of Class B common stock and the conversion of Series FP preferred stock into
shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with
outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per
share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue
shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million
shares of Class A common stock and 5.5 million
shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
The anticipated initial public offering price of our common stock is substantially higher
than the net tangible book value per
share of our
outstanding common stock immediately after this offering.
each person, or group of affiliated persons, who we know beneficially owns more
than 5 % of our
outstanding shares of common stock;
If you consider that the company had over 6.5 billion
shares outstanding, you realize that dilution was taking more
than $ 390 million in value from the investors and giving it to management and employees.
Conversion of preferred stock occurs automatically and immediately upon the earlier to occur of the closing of a firm commitment underwritten public offering pursuant to an effective registration statement filed covering the offer and sale of common stock in which (i) the aggregate public offering price equals or exceeds $ 25 million, (ii) with respect to the Series F convertible preferred stock only, the public offer price per
share of which is not less
than one times the original issue price of the Series F convertible preferred stock, (iii) with respect to the Series E convertible preferred stock only, the public offer price per
share of which is not less
than one times the original issue price of the Series E convertible preferred stock and (iv) with respect to the Series D convertible preferred stock only, the initial public offering price per
share of which is not less
than two times the original price of preferred stock, or the date specified by holders of at least 60 % of the then
outstanding Series B convertible preferred stock, Series C convertible preferred stock, Series D convertible preferred stock, Series E convertible preferred stock, Series F convertible preferred stock and Series G convertible preferred stock, provided however, that in the event that the holders of at least 65 % of the then
outstanding shares of holders Series G convertible preferred stock, at least a majority of the then
outstanding shares of Series F convertible preferred stock or at least of 65 % of the then
outstanding share of Series E convertible preferred stock do not consent or agree to the conversion, conversion shall not be effective to any
shares of the relevant series of Series G convertible preferred stock, Series F convertible preferred stock or Series E convertible preferred stock for which the approval threshold was not achieved.
The assumed initial public offering price of $ per
share, which is the midpoint of the estimated offering price range set forth on the cover page of this prospectus, is substantially higher
than the net tangible book value per
share of our
outstanding common stock immediately after this offering.
For one, the
share of securities whose 12 - month trading volume equals at least half of the number of securities
outstanding has fallen from 20 % to less
than 5 % in the US corporate bond market since 2007 (CGFS (2014)-RRB-.
outstanding warrants to purchase
shares of our common stock, including our Related - Party Warrants, either (i) would be exchanged for
shares of our common stock depending in part on the initial public offering price of this offering, (ii) would be exercised to the extent the exercise price per
share provided for therein is less
than the initial public offering price of this offering or (iii) would expire or otherwise be cancelled; and
each stockholder, or group of affiliated stockholders, who we know beneficially owns more
than 5 % of the
outstanding shares of our common stock;
Pursuant to Section 228 of the DGCL, any action required to be taken at any annual or special meeting of the stockholders may be taken without a meeting, without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, is signed by the holders of
outstanding stock having not less
than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all
shares of our stock entitled to vote thereon were present and voted, unless the certificate of incorporation provides otherwise.
our currently
outstanding warrants to purchase
shares of our common stock, including our Related - Party Warrants, either (i) would be exchanged for
shares of our common stock depending in part on the initial public offering price of this offering, (ii) would be exercised to the extent the exercise price per
share provided for therein is less
than the initial public offering price of this offering or (iii) would expire or otherwise be cancelled; and
The bidder, which operates more
than a dozen airlines including its flagship carrier Hainan Airlines, is offering 1.4 billion Swiss francs or 53 Swiss francs per
share for all of Gategroup's
outstanding shares.
Over the past 12 months, Disney insiders have bought 25 thousand
shares and sold 438 thousand
shares for a net effect of 413 thousand
shares sold, or less
than a tenth of a percent of Disney's total
shares outstanding.
In addition, short interest as a percentage of
shares outstanding in the $ 31.5 billion iShares iBoxx $ Investment Grade Corporate Bond ETF stood at more
than 8 % as of last week, the highest since 2010.
If the repurchases reduce the
shares outstanding to a greater extent
than net income is falling, then earnings on a per -
share basis will rise irrespective of the health of the overall business.
The total volume of insider trading represents less
than 1 % of
shares outstanding.
Ackman's nominees received less
than 20 percent of votes from
shares outstanding and less
than 25 percent of
shares voted at the meeting.
These
shares sold represent less
than 1 % of
shares outstanding.
The value of the stake is slightly less
than Yahoo's market capitalization of about $ 25.98 billion based on 941 million
shares outstanding on July 31 and Monday's close.
Because of that, our expectation is that seven years from now AIG will have fewer
shares outstanding than it has today, and book value per -
share will be higher
than the numbers in the prior paragraph.
Shareholder Approval Requirements: NYSE American requires a listed company to obtain the approval of its shareholders for certain types of securities issuances, including private placements that may result in the issuance of common
shares (or securities convertible into common
shares) equal to 20 % or more of presently
outstanding shares for less
than the greater of book or market value of the
shares.
When they file to go public, however, the number of
shares is typically only the
shares outstanding (a smaller number
than the fully - diluted
share count).
None of these individuals owns more
than 0.04 percent of the
outstanding shares.
The Board of Directors has adopted a written policy for review of transactions involving more
than $ 120,000 in any fiscal year in which the Company is a participant and in which any Director, executive officer, holder of more
than 5 % of our
outstanding shares or any immediate family member of any of these persons has a direct or indirect material interest.
In our example, if you own 2,500,000
shares of a company with 10,000,000
shares outstanding, you're no better off
than if you owned 250
shares of a company with 1000
shares outstanding.
With more
than 31.2 M
shares outstanding, the total market capitalization is $ 72.7 M. AsiaFriendFinder.com is the largest dating site targeted towards Asians with ~ 34M members, whereas Amigos.com, which targets Latin Americans, has attracted 75K new members each month.
Neuchatel, Switzerland About Blog NanoWorld AG is the
outstanding world market leader of high quality SPM and AFM tips for Scanning Probe Microscopy (SPM) and Atomic Force Microscopy (AFM) with a market
share of more
than 50 %.