RE: Does StemprintER split wait for the LSE?9 Aug 2020 19:05
I'm thinking that STEM will open at about 100p except there is often an uplift because its possibly going to be a hot stock with lots of news around its launch. Lots of people will point to the exact sciences purchase of 7 months ago Exact Sciences paid $2.8bn for a similar but inferior product. Part of that price was because there was already a sales and marketing support network in place for the product. STEM does not have this which is part of the reason for the £200m valuation for this. Except that if the buyer is a major then they will already have such a network. If you stick with a sale of about £2.8bn giving a slight premium because its a 40% superior product. TILS has about 200m shares in circulation which should mean a similar figure for STEM gives a valuation of £14 per share for STEM. But that would be in the long term. In the short term I can see 200-500p for STEM.