That confused me as well, I took it for a +/- 16M valuation given the shares and price, saw elsewhere they RAISED 16M, and a total float gave it a cap of 60M

I assume that 16M / $4 offering was to meet the public float, that's pretty much exactly the minimum... Calicott pointed out the listing is on NYSE American, which has lower requirements than regular NYSE

![](https://m.stacker.news/142090)

Interestingly NASDAQ is also 15M

![](https://m.stacker.news/142089)

Kraken is probably a factor for doing it, xStocks would require a public stock to back the token

justin_shocknet

the pricing of its initial public offering of 3,750,000 shares of its Class A common stock, par value $0.001 per share (the "Common Stock"), at a price to the public of $4.00 per share of Common Stock.

I didn't know you could IPO at these valuations. Perhaps it is just impractical most of the time.

Stacker_Stocks

New Bitcoin company IPO: VIDA

Here's the original IPO announcement: https://www.prnewswire.com/news-releases/vida-announces-pricing-of-initial-public-offering-302772954.html

> the pricing of its initial public offering of 3,750,000 shares of its Class A common stock, par value $0.001 per share (the "Common Stock"), at a price to the public of $4.00 per share of Common Stock.

I didn't know you could IPO at these valuations. Perhaps it is just impractical most of the time.