You raise an important point. To me, pre-IPO "valuation" is mostly VC bullshit. Remember WeWork's pre-IPO valuations??? Jan 2019: 47B USD! What really matte

You raise an important point. To me, pre-IPO "valuation" is mostly VC bullshit. Remember WeWork's pre-IPO valuations??? Jan 2019: 47B USD! What really matters: Post-IPO market cap, as long as there is significant float. (See VinFast IPO with a ridiculously small float.)