Yes some detailed figures will be very helpful and get a more accurate valuation. But the funds would have calculated and invested at a valuation they deem to have a significant upside.
AXS at the time I think they invested 600k to 1m and the issue price was 10c (if 1.92 gives them 18x+ return) so at $42 it’s around the 420x return from that round. So if I’m not wrong about the 600k - 1m then the company is holding a material sum of 250m - 420m usd worth of AXS. Anyone with more accurate or precise info pls share.
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