HMI not only had too many cheap shares but only 22% of shares are escrowed. This is way too low.
FOS has a very clean and tight capital structure.
There are no prior seed or pre ipo shares raisings, no sell down by existing shareholders and the free float is only 23%.
Priced attractively with a low market cap IMO this will list very well in any market conditions.
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HMI not only had too many cheap shares but only 22% of shares...
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