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Really? $6.5B is over 32x their current run rate, and that's projected revenue, not actual profit.
by Clewza313 6y ago
Really? $6.5B is over 32x their current run rate, and that's projected revenue, not actual profit.
- f430 6y agowe are in a credit bubble after all
- ZephyrBlu 6y agoThose numbers are pretty insane though, especially the Net Retention.
- staysaasy 6y agoI'm with you that 32x feels insane, but these are crazy times and Okta presumably had to pay a premium to take Auth0 off the market. With those stats and a compelling story (developer tools) they were probably expecting a great IPO in this market. Assuming a 20% premium to take them off the market, 32x doesn't seem that crazy with many public companies trading at 25x or more. But yeah... it does feel a little bit like that moment where you go over the top of a roller coaster...