Ivey Publishing

Product Details

T. Eaton Company Limited's Initial Public Offering (Abridged)
Product Number:
9A99N016
Publication Date:
08/25/1999
Revised Date:
01/21/2010
Length:
15 pages (6 pages of text)
Product Type:
Case (Field)
Source:
Ivey
Canada's largest privately owned department store, the T. Eaton Company Ltd., founded in 1869, had recently emerged from bankruptcy protection and was now planning to raise $175 million through an initial public offering (IPO). Investment bankers must determine the appropriate share price and consider the appropriateness of the timing for the issue. The case describes North American retail industry trends and the bankruptcy protection process and provides a detailed discussion of the IPO process and valuation considerations. Detailed comparables are provided for such firms as Federated, Nordstrom's and Dillard. The case provides an opportunity to apply a number of valuation techniques, including discounted cash flow, price-to-earnings multiples and enterprise value-to-EBITDA multiples.
Issues:
Disciplines:
Entrepreneurship,  Finance
Industries:
Retail Trade
Setting:
Canada/USA, Medium, 1998
Intended Audience:
Undergraduate/MBA
Price:
$5.30 CAD / $5.00 USD Printed Copy
$4.50 CAD / $4.25 USD Permissions
$4.50 CAD / $4.25 USD Digital Download
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