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When the stock market opened on Thursday, NQ Mobile, a Chinese mobile security company, had a valuation of $1.1 billion.
Some of the large flotations this year have included DFS Furniture in February, which had a valuation of £585m, and Autotrader, which was valued at £2.35bn.
By February 2013, WhatsApp claimed 200m active users worldwide, and had a valuation of $1.5bn – not huge by Silicon Valley standards but pretty good for an outfit that had an honest business model.
At its peak, the Nasdaq had a valuation of 167.7.
That investment meant that NetObjects had a valuation exceeding $200 million, or almost 50 times 1996 revenues of $4 million.
Snapchat's last round, $60 million earlier this year, had a valuation of around half that.
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The total company has a valuation of about $250bn.
The equity rally in Asia doubtless has a valuation driver at work, too, especially after an 18 percent fall last year.
Does Apple, which has a valuation nearly three times greater than ExxonMobil's, exploit factory workers in China?
Morningstar concluded this week that the company's competitive advantages were not sustainable and that the stock should have a valuation of about 75 percent of its recent price.
The corporation is becoming the distorporation.Collectively, distorporations such as the MLPs have a valuation on American markets in excess of $1 trillion.
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