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I don't know why the "per share" price is the headline number here -- what matters is the total valuation, which is $12.65 billion.

Dunno about you, but I'm not gonna be buying at that price.

Analysts ranged the price at 16-18 dollars. They were highlighting the estimated premium of the IPO.

I don't argue with $12.65, it's the "billion" added at the end that makes me scratch my head.

Honestly, $12.65 might be too much too - the company has built up some pretty serious liabilities the way the deal payouts are structured.