Any time there is an IPO filing, I immediately come to the comments on HN, because there is always someone well versed in reading these things that can provide an excellent summary. Thank you!
Now we are just missing the <pedandic explanation of why the technology isn't really all that great if you are a super hacker, but completely missing the point of creating a product that solves peoples problems and marketing+supporting it well> comment like...
"It's really just a wrapper around Solr and a management layer bolted on top I don't understand all the rage!"
To be fair, their documentation is terrible. Trying to set up filebeat feeding into logstash and figuring out custom GROK patterns requires forensic-level Google-fu to sift through vague blog posts and grab small nuggets from forums because the official docs basically say nothing of value.
Honestly, SaaS is a relatively easy sector to value, since valuation tends to be a pretty straightforward multiple of ARR (with the exact multiple tending to be based on growth rate and (un)profitability). Throw in comparables of other IPOs with similar product types, and you can pretty reliably estimate how much a company will IPO at.
"It's really just a wrapper around Solr and a management layer bolted on top I don't understand all the rage!"