You are calculating the implied share price for a private da…
You are calculating the implied share price for a private data center company called Lambda Labs. Using an average forward multiple of 13.6x from the above comp set, you determine that Lambda Labs’ implied enterprise value is $15,000.0 million. What is Lambda Labs’ implied share price, assuming the following from the company’s financials (express your answer as a share price including two decimal places): Excess cash = $500 million Liquid financial investments = $50 million Debt = $3,200 million Preferred stock = $100 million Non-controlling interest = $28 million Fully-diluted shares outstanding = 240 million Diluted weighted-average shares outstanding = 215 million