![]() Helios and Matheson, meanwhile, may end up selling MoviePass or being acquired, said Nehal Chokshi, an analyst at New York-based Maxim Group LLC. The company’s Series A funding round was in 2008, when the company was valued at $25 million. ![]() On March 23, cloud-storage company Dropbox Inc saw its market value top $12 billion on its first day of trading. At the same time, companies are now going public 6.5 years after receiving their first venture capital backing on average, more than double the three years between initial funding and going public in 1999. companies that have gone public this year have done so at an average market capitalization of $1.1 billion, according to Thomson Reuters data, a 44 percent increase from the average market cap during the height of the dot com craze in 1999. Instead, its market capitalization is just $37 million, and its stock trades at close to 70 cents a share. The two analysts tracked by Thomson Reuters who follow Helios and Matheson both have a buy rating on its shares and a target price of $12, implying that it has an enterprise value of $1.2 billion. ![]() That will swell to more than 5 million by the end of this year, the company projected in March. Over the last 12 months, MoviePass’s subscriber numbers have grown from around 20,000 to close to 3 million. What we’re looking at now is one of the best examples of why you don’t go public” in the early stages of a technology company’s growth, said Kevin Landis, a longtime tech portfolio manager at FirstHand Funds. You don’t hear about how much money Uber loses every time you get in one of their cars, you hear about how fast it’s growing. In fact, they say, MoviePass is not far removed from the success of other disruptive technology companies such as Uber Technologies Inc and Airbnb Inc that have been valued at more than $1 billion - the so-called unicorns, start-up companies valued at more than $1 billion
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