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  • October 2002 (Revised October 2005)
  • Case
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United Parcel Service's IPO

By: Paul M. Healy, Brett Laschinger and Ajay Shroff
  • Format:Print
  • | Pages:26
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Abstract

Examines the valuation of United Parcel Service (UPS) at the time of its IPO in mid-1999. Offers students the opportunity to assess UPS's current performance relative to its major competitor, Federal Express (FedEx), and to judge whether that performance is sustainable. Students then make projections of UPS's future earnings performance, estimate on IPO price, and assess the reasonableness of their estimate compared to the valuation of FedEx and best-in-class leaders.

Keywords

Initial Public Offering; Valuation; Performance Evaluation; Competition; Shipping Industry; Georgia (state, US)

Citation

Healy, Paul M., Brett Laschinger, and Ajay Shroff. "United Parcel Service's IPO." Harvard Business School Case 103-015, October 2002. (Revised October 2005.)
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About The Author

Paul M. Healy

→More Publications

More from the Authors

    • February 2024
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    Revenue Recognition at Stride Funding: Making Sense of Revenues for a Fintech Startup

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    The Valuation Multiple Detective

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    Monsters in the Machine? Tackling the Challenge of Responsible AI

    By: Paul M. Healy and Debora L. Spar
More from the Authors
  • Revenue Recognition at Stride Funding: Making Sense of Revenues for a Fintech Startup By: Jung Koo Kang and Paul M. Healy
  • The Valuation Multiple Detective By: Jonas Heese, Paul M. Healy and Pietro Bonetti
  • Monsters in the Machine? Tackling the Challenge of Responsible AI By: Paul M. Healy and Debora L. Spar
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