With current stock market trend - what will be true value of IPO happening in 2022 - Instacart
What will be the market cap for the companies going for IPO truly be - not inflated one? Instacart current valuation is $39b For example Robinhood in 2021 went ipo at 38b market cap then overnight it became 70b company. With correction it’s at 18.5b market cap as of today. With that in mind, what’s the true value of Instacart and other ipo’s for 2022 will be ? #e-commerce #retail #instacart #robinhood #ipo #2022
Instacart might suffer the same fate maybe worse. And didn't hey delay this ipo plans?
39B does seem a bit inflated with current growth metrics, somewhere in the 28-32B range might be more likely.
No offense but in current market, it makes sense to value IC at half of doordash, since IC has half revenue, lower margin and growth rate. So maybe 20b
Like said, only time will tell and blind isn’t the right place for good insights. Before robinhood went IPO almost everyone on blind thought it would be a huge success, just like today almost everyone on blind thinks databricks will succeed or instacart will fail. If you really want useful information get to know the higher managements or investors.
Again not denying about the time thing. That is the reason to have this conversation here. I don’t agree that useful information comes from higher management. They will definitely sell the kool-aid. As they are biggest benefactor . Take number of Silicon Valley ipos this year or before! Here it provides unique opportunity for others to be honest and see through the kool-aid and provides their opinion
I meant from private channels, not from juniors who heard the kool-aid or who talking about shits here without knowing anything. Relationship matters.
Ic won't fail but I think ~30b is more likely
I’m pretty sure majority of blinders here don’t even understand IC’s business model and who’s driving what direction, and what could happen beyond grocery.
Honestly, as biased as I am, I think the industry and our business model is highly appealing to investors (ie. Retail enablement platform for groceries, which is an incredibly stable and huge market, and revenue we generate a lot of it off ads and membership fees (both recurring revenue))
True value is whatever the market dictates it to be. There is no way to know, otherwise instead of programmers we would be wall street gurus. Most of these companies pump for a day or two after IPO and then crash, take calculated risks and plan your strategy taking those factors into account
Market rules! Correct. But I m not asking programmers to become street gurus, I want to hear what the perceive value - market cap which makes sense and common folks will invest. I know wework was not 47b when they were planning last year. Similar to Robinhood this year.
No one knows but I'm not bullish. They have no moat and the grocery business is very low margin. Whether it ends.uo being 30b or 10b or 5b depends on market conditions.
Only time will tell. Nobody has a crystal ball.
True, but like Grab went public via SPAC merger and got obliterated due to over valuation when it debuted earlier this week
You are right, but I joined much earlier. Still make some fortune although not enough to FIRE.