$70 to $78 a share, up to $1.4 trillion, per the NYT. Reuters had it at as much as $2 trillion. That's $600 billion of hype that left before the first trade. Still above OpenAI's $1.25 trillion. Revenue not disclosed, so good luck calling it cheap.

Aramco was pitched at $2 trillion in 2019, priced lower, then touched $2 trillion within days. Uber was talked up around $120 billion, listed well under, and slid. The markdown says little. The first months say which number was hype.