Gitlab IPO, what are your thoughts, worth buying or overvalued ?
GitLab, Valued At $6B+, Eyes Public Listing
Literally a repost from 1 month ago, by the same person: https://www.reddit.com/r/programming/comments/k4h6ld/gitlab_hits_6b_valuation/
And I will repeat my comment from then again:
Reminder: GitLab is trying to sell itself and has been getting 'advertisements' like this published in business journals and the like to inflate its value (WTF even is this website??). GitLab is not worth $6B, they want someone to snap them up for half of that and think they've gotten a bargain.
More on reddit.comGitLab CEO weighing options for going public after employee share sale valued company at $6 billion
We use it, I’d pick up a few shares.
More on reddit.com5 IPOs to watch for in 2021
Coinbase
More on reddit.comWhat is GitLab’s IPO price?
What is the pre-IPO value of my GitLab shares?
When is the GitLab IPO date?
I looked at the financials an dI think gitlab is way over valued. Im surprised they went up to $94 and then ended the day at $103.
They only have about 15,356 paying customers. With their main competitor (Github) has the backing of Microsoft and is able to offer better free tiers. With more than double the amount of users and a lot more paying customers. Github is the defacto loud hosting platform with most open source software hosted there.
Forbes article here