There’s no real downside to saying a big number when pitching a company’s executives on an IPO. It’s not like it locks the bankers into trying to price the IPO

There’s no real downside to saying a big number when pitching a company’s executives on an IPO. It’s not like it locks the bankers into trying to price the IPO at that number, it doesn’t cost anything, the worst that happens is that journalists and pseudonymous message board commenters snark about it.