I don't know who the underwriters nor would have a
Post# of 32627
If you google, "How an IPO is Valued" you'll get a lot of information and guess what, non of them say by just the share price.
If the IPO was priced low, demand would be high. Priced high, demand will be less. There is a lot of work that goes into pricing an IPO.
If 1 + 1 = 7 x 7, when that was said SC had 490,000 users. Times that by $100/yr you oddly get $49M. When they were talking about 1 + 1, was it share price, revenue in millions or just a common expression.
One more thing to think about:
If the company will have $49M in revenue some of which hasn't been recognized yet, why were they selling it for $25M?