Anthropic plans to be launched as early as mid November. The 2 trillion yuan market value advocated by investment banks has been inflated, and the market is discussing giving it an IPO valuation of about 1.5 trillion US dollars, which is about 55% higher than the last $965 billion financing valuation in May this year FTX: Invest $500 million in 2021, initially holding 13.56% of the shares, which will be diluted to 7.84% by 2024. Due to bankruptcy liquidation and selling out of shares, approximately 1.3 billion US dollars were ultimately recovered, resulting in an actual profit of 800 million US dollars. If held continuously, based on the ratio of 7.84% at that time (estimated only, actual financing will be diluted) and the current potential IPO valuation of $1.5 trillion, the theoretical value of the shares is about $117.6 billion. How exaggerated is it? This investment alone can earn one coin Unfortunately, there is no such thing as' if ' The highest valuation of the FTX exchange before its bankruptcy was $32 billion, with a funding gap of $8 billion. The misappropriated funds were four times the amount of FTX financing. Such high operating leverage could not withstand the bear market at that time. When CoinDesk exposed FTX's balance sheet, it was already predetermined that he would step down from the table, and no one could make an acquisition. However, if Fanlei Xiaodian could successfully acquire it, it would be a different story It's regrettable that even if SBF looks right, it's useless to go bankrupt