• What is an IPO and why is it such a big deal? Is this a good idea for JetBlue?
  • What do you think JetBlue stock is worth?
  • Does the financial forecast in case Exhibit 13 seem reasonable? What are the key assumptions? Is the length of the forecast period reasonable?
  • What was your approach for terminal value? How do your terminal-value assumptions affect the estimated value of JetBlue shares?
  • What are the pros and cons of using a comparable-multiple approach in valuation?
  • WACC=9.7% (discount rate)