Given high(er) interest rates, discounted cash flow analyses yield (much?) lower values for companies, as many VCs hoping for liquidity are now learning. So, no, I doubt that Birkenstock is worth $10 billion in the public markets. I think a lot of people will need to read up on bond vigilantes. Lots of capital flowing towards fixed income and away from equity. Buckle up.
Given high(er) interest rates, discounted cash flow analyses yield (much?) lower values for companies, as many VCs hoping for liquidity are now learning. So, no, I doubt that Birkenstock is worth $10 billion in the public markets. I think a lot of people will need to read up on bond vigilantes. Lots of capital flowing towards fixed income and away from equity. Buckle up.