Q: Stack capital has about 28% of its portfolio in pre ipo space x .
I assume the book value of stck is mark to market . As such without knowing its cost basis for its shares how can one determine the change in book values once the ipo happens. I expect a very heavy uptake of the ipo shares
I assume the book value of stck is mark to market . As such without knowing its cost basis for its shares how can one determine the change in book values once the ipo happens. I expect a very heavy uptake of the ipo shares
5i Research Answer:
In March, STCK valued SpaceX at $800B, based on recent financings. With the IPO expected to see a value of at least $1.6T, and possibly $2T, the book value of STCK's SpaceX holdings should at least double upon the IPO.