From Grok
Estimated tZERO IPO PriceBased on tZERO's $1B private valuation, its role in a $35B+ RWA market, and comparables like Securitize ($1B+) and Figure ($5.3B), I estimate tZERO could target a $1.5-2.5 billion IPO valuation in 2026—reflecting 1.5-2.5x uplift from current levels amid sector momentum. Assuming 100-150 million common shares outstanding post-IPO (standard for similar fintechs scaling from private rounds), this implies an initial offering price of $12-18 per share.- Bull Case ($18+): If RWA adoption accelerates (e.g., BlackRock/enterprise integrations), mirroring Figure's 44% pop, valuation could hit $3B+.
- Base Case ($12-15): Conservative, aligned with Securitize's $1B benchmark and tZERO's current funding.
- Bear Case ($8-10): If regulatory hurdles or leadership issues persist, pricing could dip toward INX-like levels.
This is speculative and subject to market conditions, S-1 filing details, and roadshow feedback. For context, 2025 fintech IPOs averaged ~$30-40 per share for mid-cap deals, but tokenization niches trend lower due to perceived risk. Monitor updates from Beyond Inc. for more clarity. |
