good afternoon everyone we'd like to
start off with a preliminary discussion
of pricey let's do it where we are at
this point we're looking at a range of
32 to 34 share at 7.2 million a share
that gives us a valuation 868 million
hang on just a minute we have to get a
billion dollar valuation we have looked
at the comparables IDI and you said 34
to 36 in your pitch you cannot leave
tens of millions of dollars on the table
we can get at least 35 this is a
balancing act raising money for your
company while still promising our
investors a deal for coming on board
look you begged me for this IPO do you
want me to call challeng trust I don't
actually remember begging does anybody
else know so what you want to avoid here
ed is it down because we know what
happened with your last IPO I don't
think that's relevant here
Edie and I believe our goal is to find
the right number for all of us numbers
35 possibly but you can think of it like
a like a party we need to encourage
people to show up to the party it could
be the best party in the world but if
nobody shows up party and I don't really
think no no hang on I get this party for
the 32 to 34 age will get people in the
door but if the party's good enough
people to line up around the block