They can say what they want, but investors won’t invest if the ask is too high. These valuations are based on purchase of a given percent of shares, so you take the amount raised and divide by the percent sold and you get a valuation (a little more complicated than that, but that’s the gist).
They still aren’t required to go through SEC regulations and can make up some PR nonsense evaluation.
They can say what they want, but investors won’t invest if the ask is too high. These valuations are based on purchase of a given percent of shares, so you take the amount raised and divide by the percent sold and you get a valuation (a little more complicated than that, but that’s the gist).