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Another source thinks that's inaccurate, and believes the final valuation will settle closer to the lower end of the $5 billion to $10 billion valuation we reported last month.
And a final valuation could take up to five years.
How many millions will depend on the final valuation placed on the company for the stock offering.
The final valuation measure — some analysts would say it's the most important one — is the ratio of enterprise value to cash flow, or E.V./EBITDA.
According to one person close to Groupon, the company and its bankers have struggled to pinpoint the final valuation for the I.P.O.
Then some board members were angered when the final valuation of the wealth management unit, which is jointly owned with Morgan Stanley, was considered a coup for Morgan.
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Finally, valuation.
Calculating in debt, that gave the deal a final implied valuation of $23.3 billion at the time the deal was announced.
"By shifting your savings into a drawdown scheme they will no longer be included in your final estate valuation, and therefore will avoid inheritance tax," he advises.
All this means that final exit valuations for startups are not only increasing in value, but perhaps even more importantly, they are becoming less risky.
It's not clear from CB Insights whether those exits were at valuations that exceeded or fell below the companies' final privately funded valuations (although the wider trend of down rounds is growing: see above).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com