I would be thrilled to see a listing of Nio-star in that range. I am expecting less but of course that is just a guess. I think the IPO price will be lower but expect it to head towards the high end of your range within the first year.
I just think that DR will want the big move to come after the IPO not before, but I really don't know what the base level is. I was thinking 150 millionish. In the first year of the IPO I would see it moving towards the 700 million range when a lot more developments are known.