In my personal opinion, in today's market none of the numbers really mean anything. It's all about the new class of investors who are investing in their future. For example Doordash and AirBnb have a combined revenue of $5.8 billion but the market just paid $169 billion combined market valuation. It seems investors are gravitating to names they know and use and they don't care about market evaluation and earnings per share.
I'm horrible at buying IPO's day of because it's hard for me to find a buy point. So take what I say as a grain of salt. I bought and sold Slack, Palantir, and Fiverr way too early. I think it all comes down to what investors see as the future and the companies that'll benefit. Valuations seem to be too high right now but it doesn't seem to matter.
