[dawhizkid]

There seems to have been a few big moves down among recent SaaS IPOs (Slack, Medallia, CrowdStrike).

Not sure why the market is suddenly fearful, though objectively these are mostly still overpriced.

[frostyj]

Its never in a sudden, people smell blood around the corner for more than a year now

[dawhizkid]

I mean these companies have been getting crushed in the last week or so when the rest of the market has been rising. Medallia and Slack near all time lows since IPO.

[czbond]

I really want to believe Cloudflare is worth more than $12/share by a considerable amount.

[mike_d]

What if they issue 100 billion shares? Or 10?

People often make the mistake of comparing a company at $5 a share to a company at $100 a share as if all else is equal. In reality the company at $5 could be worth twice as much by having fewer shares outstanding.

[bvandewalle]

the value of a share doesn't mean anything until you know how many shares there are out there.

[toomuchtodo]

Can’t base intrinsic value on hope.