To give you more insight into IPOs, the lunacy of valuations, and the insanity.
Shake Shack IPOed today and is trading at an eye-popping price-to-earnings ratio of about 325, with each restaurant valued at about $27 million.
1.6 b market cap.
Insanity.
Hence why a Spotify IPO would have zero problem with a 10 – 15 billion dollar valuation.
Jack Ponti, "Grow some balls, take a stand, it's your future."
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