You Want To Buy Shares In Oversee.Net? Is It A $1 Billion Company?

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According to Sharespost.com, there are currently one or more shareholders of Oversee.net, which are offering up block(s) of shares for sale.

Several months ago we wrote about another site, SecondMarket.com where shares of privately held company’s can be traded.

Sharespost.com describes itself as a site which:

“Makes private equity liquid by connecting companies, buyers and sellers, either directly or with the help of a broker, and facilitating easy, automated transactions. ”

So sharespost.com is a site where one could go to buy or sell shares of stock of  privately held companies.

Which brings us back to Oversee.net.

Currently there are 5 blocks of shares of Oversee.net listed for sale on Sharespost.com.

There are 2 blocks of 10,000 shares each, one for 7,100 shares, another for 5,000 shares and one for 4,100 shares.

All of the shares are being offered for the same price.

$7.35 a share.

At $7.35 a share according to sharespost.com, the “implied valuation of the company” is:

$1,124,550,000.00

I know its a lot of zeros.

But it works out to $1.12 Billion dollars.

To get to that number Sharespost estimates that there is 153,000,000 shares of the company.

So is Oversee.net worth over a Billion?

If you think so, go check out Sharespost.com and if you qualify you might be able to buy some shares.

(Of course Oversee.net probably has a right of first refusal and the shares might be subject to a shareholders agreement.)

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. Tim says

    Who’s still making money with them? Not me…..good earnings stopped with them some time back.

    I’m not sure where there end game is either, unless it is selling more stock. Parking is not looking like the answer anymore.

  2. MHB says

    Tim

    Just because parking revenues are down it doesn’t mean the company is making money and they own a ton of domains themselves and have a registrar in Moniker.com and an auction platform in SnapNames.com

  3. Brands-and-Jingles says

    On pure class-one assets view, what do they have? Some 500k domain names. Average price of good .com is $500. This makes up to only a quarter of $1 billion. All assuming there is no discount factor.

    I wonder where does the other 75% come from.

  4. MHB says

    Brands

    Well like I said above they have a top ten registrar, an auction platform that sells millions of dollars, probably tens of millions a year which they get 15% commission off of and one of the largest parking company’s that they make 20%+ margin off of every domain parked

  5. Brands-and-Jingles says

    Interesting, say on those all ventures they have sweet cash inflow of $10 million per annum. Even with the multiplier x10, it only boils down to other $100 million.

    The question remains where the other 65% is hidden?

    One need to have a good look on there books.

  8. MHB says

    Guess someone is going to have try to to buy one of these blocks and if successful as a shareholder you will entitled to the financials.