1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Metrics vs Peers
3. What does AIAI Holdings Corporation Class A Common Stock do?
4. Valuation
5. Offer Terms
6. Financial Statements
Discussion
Research report, target price, DCF and forensic scores are for subscribers. View plans
Symbol
AIAI
Listed on
2026-05-14
Sector
Information Technology
Subsector
IT Services
Offer Price
$20.00
Shares Offered
69.48M
77.26M
$1.4B
89.9%
Implied Upside vs Midpoint
Description
**Valuation Verdict:** Hold off on any **Attractive / Watchlist / Avoid** call until the S-1/prospectus provides historical and pro forma financials and enough detail to build a relevant peer set and sanity-check multiples. **Catalyst Timeline:** The investable 12–24 month catalyst map will come from the prospectus disclosures around offering timing, lock-up structure, use of proceeds, and any explicitly identified near-term commercial or regulatory milestones. **Growth & Margin Trajectory:** The key questions are revenue durability and the path to scale; answering them requires the filing’s historical revenue by segment, unit economics, and any guidance so forward revenue and margin curves can be underwritten and breakeven points identified. **Governance & Operational Risk:** Underwrite governance and operating risk once the prospectus details management/board history, ownership and control, related-party activity, customer concentration, and material contracts; the primary diligence focus should be control dynamics, related-party risk, and concentration/contract dependency. **Scenario Targets:** Bear/Base/Bull targets should only be published after the filing provides the price range and model inputs needed to tie outcomes to explicit revenue-growth and multiple assumptions with probability weights.
| Metric | Value | Peer median | Among peers | |
|---|---|---|---|---|
EV / revenue | 5.3x | 7.2x | ||
Net cash / market cap | -0.6% | 1.9% | ||
Debt / equity | 1.61 | 0.00 | ||
Current ratio | 1.17 | 2.03 | ||
9 premium metrics: DCF value / price, Growth the price needs: how common, Last 12 months vs full year and 6 more Unlock | ||||
Hold off on any Attractive / Watchlist / Avoid call until the S-1/prospectus provides historical and pro forma financials and enough detail to build a relevant peer set and sanity-check multiples.
The investable 12–24 month catalyst map will come from the prospectus disclosures around offering timing, lock-up structure, use of proceeds, and any explicitly identified near-term commercial or regulatory milestones.
The key questions are revenue durability and the path to scale; answering them requires the filing’s historical revenue by segment, unit economics, and any guidance so forward revenue and margin curves can be underwritten and breakeven points identified.
Underwrite governance and operating risk once the prospectus details management/board history, ownership and control, related-party activity, customer concentration, and material contracts; the primary diligence focus should be control dynamics, related-party risk, and concentration/contract dependency.
Bear/Base/Bull targets should only be published after the filing provides the price range and model inputs needed to tie outcomes to explicit revenue-growth and multiple assumptions with probability weights.
Each filing is plotted ahead of the first trading day on the price chart.
| Filed | Form | Price range | Price | Shares offered | Deal size |
|---|---|---|---|---|---|
| 2026-01-26 | S-1 | — | — | 71,655,060 | — |
| 2026-03-04 | S-1/A | — | — | 70,436,990 | — |
| 2026-03-23 | S-1/A | — | — | 69,483,430 | — |
| 2026-04-08 | S-1/A | — | — | 69,483,430 | — |
| 2026-04-20 | S-1/A | — | — | 69,483,430 | — |
| 2026-04-24 | S-1/A | — | — | 69,483,430 | — |
| 2026-04-30 | S-1/A | — | — | 69,483,430 | — |
| 2026-05-01 | S-1/A | — | — | 69,483,430 | — |
| 2026-05-14 | 424B4 | — | — | 69,483,430 | — |
AIAI Holdings Corporation Class A Common Stock income statement and balance sheet, FY Dec 2025 to FY Dec 2025, as reported in SEC filings.
| Metric | FY Dec 2025 |
|---|---|
| Total assets | $94.7M |
| Total liabilities | $79.7M |
| Total equity | $15.0M |
| Cash & equivalents | $15.6M |
Backlog (RPO) $187M (as of Jun 30, 2026, 10-Q)
Fiscal years parsed from inline XBRL in the company's SEC filings. Parentheses indicate negative values; growth compares the same length of period a year earlier.