If no, how do you feel about CEO selling $700M of stock while employee options become worthless?
Like Credit Karma, thereās no incentive to IPO if they have all the capital they need at this point.
Do they have all the capital they need? They lost almost a billion dollars so far this year.
I donāt know their balance sheet since it isnāt public, but they seem to have no trouble raising capital privately. Since early investors can sell shares as a secondary capital component of these raises, I donāt see any incentive to IPO. Just my opinion. I donāt have any special knowledge of their finances.
They have already halved the predicted ipo value to 20B .."if they ipo" . Their real value is around 5-6B based on the 3x the revenue at best. And IPO'ing at 5-6B doesn't make sense, so I think they will not attempt to do that mistake. There is nothing concrete that justifies even their 20B valuation.
They have raised more money than they are worth š
Its more like a market manipulation, pump and dump scheme.