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So I glanced through the S-1 real quick. They want to raise $100 million, and so far this year their revenue is about $55 million? Those numbers seem off to me

So I glanced through the S-1 real quick. They want to raise $100 million, and so far this year their revenue is about $55 million? Those numbers seem off to me. Also they are only pulling in 50 odd million a year? Seems really low. Did anyone else have to put in a CAPTCHA in the S-1 to read the potential negatives???

joez 15y ago
What seems off about the numbers? I think the IPO is more about an exit for founders/investors than the actual 100 million amount. That's just the float that they're putting out (not a valuation). 100 million is a credible number they can say they need this amount to grow/reach breakeven.