The last few weeks have seen a couple of crazy levels of valuations for IPOs, tech in particular (of course).
You all probably know that the original offering that is minions do not have the privilege of being involved in started trading at 120 PS. Unfortunately by the time it reached us it was way past the 200 PS levels.
Just looking at there SEC filing they posted $240million in revenue, strong growth moving forward, great NRR, I’m unsure of the TAM if anyone could point me in the right direction to save the long read?
The SEC filing also highlights the cash position being low and large losses which are expected for a high growth company.
The competition is obvious with the likes of Azure etc in that space. I also believe snowflake actually use the cloud space of there competitors which may prove troublesome.
Getting to the point I do think they’re an interesting business, but at what price do you think is sensible? How an earth do you value this?
I appreciate we are in a world of crazy valuations but this valuation does seem crazy, almost as if the growth for however many years is priced in already.