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It does indicate that investors perceive profit in the shares beyond the issueprice. Though globally, we are the third largest by volume at Chart of the US and the Chinese state-owned firm CIMC, from a revenue perspective we are too small.” What does InoxCVA produce?
He then argues Squarespace, as a result of choosing a Direct Listing, ended up with a valuation multiple of 6.7X, which he says compares unfavorably to its public peer $WIX (which has an 8X forward revenue multiple). Chris calls this the “at Pricing” multiple, and you should notice that is is much lower than the $VEEV multiple of 18X.
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