5/7/24 - vrockstar - 8 bn + on a complicated capital stack - an obviously "distributed" IPO (you still hold the bag? why?) and 8x sales on lofty 20-25% cagr revenue numbers (we all know these will get revised downward - banks need to shine up the pump to sell the deal fam). frankly, burning one of my posts to warn you all that if you own this, it might be a good time to simply check your conviction and/or size. i think there are a number of better cash generating co's (this doesn't fam...) with superior growth. we're still in price discovery and the discovery will be in the 20s, k. b safe.