Beyond this FUD stuff, I've been quite please with the debates. Discussion of finance, values, prices, and business is a great endeavor carried out by noble people. If all the world's problems were settled with free-market equity debates, the world would be a wonderful place

I have enjoyed discussing this IPO. I feel I have made my points, and I will now refrain from posting on this thread.
While in my view it is unlikely; I hope this IPO is a success for the issuer and investors alike. I look forward to seeing how it unfolds.
Indeed it is all very interesting and I wish you luck. As for me, however, I'm waiting my usual 7 week period post-IPO before considering this asset. The market will tell us all very quickly if the asset is mispriced or not, and so I want to see how it trades, what the dividends are, what kind of growth it experiences over the next month+, what kind of competition moves in, and so forth. I don't really care what the pre-IPO numbers say, I only care about what actually occurs in the marketplace.
My best guess is that it's already extremely overvalued at IPO relative to other assets, but that doesn't mean it won't reach a buy area later on after a significant decline in price.
Also, read this, and read it again... this guy gets it:
Surely if one is bullish on BTC and believes that there will eventually be more good companies, 1.5% of all BTC seems unlikely in the long term, let alone growing beyond that. It might make sense if valued in USD though ($3.2 mil) - that number could have growth potential.