Why should that make material difference to the IPO? What is the economic value of those results?
replyThe entire US federal budget for math research is something like $100M annually. And mathematicians in other countries are hardly making bank either. How does one reconcile how the market has historically valued mathematics with the cash-strapped frontier labs ploughing so much money into that enterprise?
The market works in mysterious ways. What companies do for marketing is often irrational, what companies do to attract investors is likewise often irrational, and why investors invest in companies is also often irrational.
replyWhy should that make a material difference to the IPO? Because of the vibes, and investors are indeed all about the vibes.