The offering represented 54.9% of the company, valuing the company at $1.86 billion. Due to the economic downturn, the IPO was below Moyes leveraged-buyout (LBO) price of $17.61.
The contribution accounted for 54.9% of the company, estimating its value at $1.86 billion. Due to economic difficulties, the IPO was below Moyes leveraged-buyout (LBO) price of $17.61.