Here is the problem:
- S.DICE is pricing themselves like a "real-world" IPO, and being potentially optimistic about their growth potential
- Bitcoin investors expect 1-7%/week return and don't care about the underlying business.
Well there is middle ground. Our company (Tangible Cryptography) recently funded notes (debt not equity offering) at 29.6% APR and had more capital offered than we were willing to take on. While 29.6% APR puts us solidly in junk bond status it is a little more realistic than 3400% "investments". Since that offering we have seen multiple lenders contact us for expansion of our capital so there are investors with more realistic (albeit still high risk high reward) views.
I am glad to see another "real" company get financing using Bitcoin. That being said I think I will pass on the IPO. Generally equity carries more risk than debt. At P/E of 10 the company is priced like a low risk growth stock, yet equity "owners" have no control or no legal protection. At a P/E of 20 or 25 it would be a more attractive offering.
In major markets I think a low risk growth stock with a P/E of 10 is what most would consider a 'bargain.'
Also, I think you mean a P/E of 3-7 would be more attractive, not 20/25.