### Comment:
yup, thats what i ~~expected~~ understood it as (but i always thought that was the simplification part. not the publicly given valuation). ... 
  
 maybe its because im ignorant in all this. but that seems like a VERY dumb way to value a private company...

### REPLY:
Why? Public companies are the same. The most recent stock transaction is the stock price and the market cap is outstanding share x stock price

### END.