[vmurthy]

> So $74b is probably about right or maybe even low?

Of course you are assuming that Adyen is somewhat fairly valued :) . That's the problem with comparative valuations IMO. If company A valuation = company B valuation and company A itself is overvalued, it doesn't mean they are both fairly valued,no?

[kyawzazaw]

If the public market is suggesting that, not a bad benchmark to have a quantitative figure.

[vmurthy]

Totally agree. Just something to watch out for. If the market is giving a multiple of 25 today and it drops to 10 in a year , one needs to be aware that’s all