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Comment Capital Asset Pricing Model (Score 1) 55

The IPO would reportedly value the company above $20 billion.

"We have incurred operating losses in the past, expect to incur operating losses in the future, and may never achieve or maintain profitability."

We had CAPM drilled into us when I was in business school back in the 80's. I guess no one on Wall Street uses it anymore. :-(

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