Doing some quick math, but $IPOE (SoFi) will have an $8.65B valuation at the $10/share SPAC price. At $20/share (current level), that’s a $17.3B valuation. The revenue is approximately $650M in 2020 and $1B+ in 2021. That’s a 17x sales multiple, which relative to $LMND at an $8.5B valuation and only $110M of 2021 sales (an 85x sales multiple), makes $IPOE look dirt cheap! I just got giddyyyy!
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