REUTERS — Oct 4 — Meetic is preparing a Paris flotation that could value it at up to 341.7 million euros ($411.5 million). (estimated price range of 19.20 euros to 22.30 euros a share). Meetic is valued at seven times 2005 annual sales and 35 times 2005 earnings (EBTIDA). Launched four years ago, Meetic operates in 13 countries and nine languages. Meetic made a net profit of 2.7 million euros on sales of 21.3 million euros in 2004.
Mark Brooks: I’m in Prague right now. Noone uses internet dating here! Europe is still prime territory.
How these sites keep getting this kind of valuation is absolutely unbelievable! A number of sites in the US were getting 4-5x revenues last year… 7x is just amazing. How long will this hold up???
Interesting!
What really happened with:
http://www.ulteem.fr
http://www.ulteem.de
?
Regards,
Fernando Ardenghi.
Buenos Aires.
Argentina.
ardenghifer@gmail.com
Interesting tip, but I think it’s overvalued as well.