samedi 14 novembre 2026

The Incremental Multiplier Method Applied to Initial Public Offering Prices: Construction of Valuation Levels and Dynamic Interpretation of IPOs

The Incremental Multiplier Method Applied to Initial Public Offering Prices: Construction of Valuation Levels and Dynamic Interpretation of IPOs by Djibril Chimère DIAW

Djibril Chimère DIAW

Dedication

To

my mother Marème Fall
my father Amadou Chimère Diaw

my wife Isabelle Diaw

my children
Fatou-Chimère Diaw, Ahmadou-Chimère Diaw,
Marième-Chimère Diaw, Aïssata-Chimère Diaw .

my grandparents
Fatou Methiour Ndiaye & Waly Sega Fall
Fatou Faye & Souleymane Chimère Diaw

Teachers

To those who shall come into the world a century after me, beginning in the year two thousand and seventy-two.

The analysis of initial public offerings often relies on fragmented tools: peer comparisons, fundamental ratios, or order book technical reading. However, in the early phases of trading, these classical instruments prove partially insufficient, as they assume informational stability and historical depth that IPOs do not yet possess.

In this context, more structured approaches to price projection become necessary in order to organize the perception of price levels. Among them, the method consisting of applying progressive multipliers to the IPO price makes it possible to construct a simple, symmetric, and immediately interpretable grid of potential valuation levels. This method, although deliberately elementary in its construction, provides a continuous framework connecting market psychology and implicit capitalization.



EN : https://archive.org/details/the-incremental-multiplier-method-applied-to-initial-public-offering-prices