Take a close look at the image above!
What does that mean?
Because the total number of shares is 16.9 billion, if the IPO valuation is 1.5 trillion, the price per share would be around 88.
But
Binance doesn't account for the total share count split; it may be using a split figure somewhere between 12.8 and 16.9 billion.
If the shares are split into 12.8 billion shares,
the number of shares would increase 12.8-fold, and the price would adjust accordingly [while the value of your holdings stays the same].
So the price would drop!!!!
That's also why the price on HYPE is 1,600 while Binance's is 1,350.
Why is the price on OK just a little higher than Binance's? Because it doesn't include the IPO shares.
Now it all makes sense.
So everyone, don’t assume Binance got an incredible bargain just because the price is so low and its market cap is only 1.35 trillion.
That’s because its total supply is smaller than yours; they won’t allocate shares based on the total number of shares.
I’m using AI to monitor the prospectus website.
As soon as the exact number of shares is published, I’ll share it.
Then we’ll know whether it’s an opportunity.
I hope the number is as large as possible.
