You don't want it to open too high. Let the loose stock from IPO get out of the way first and allow those that missed out to get in at a discount to its peers.
The options THCO could be interesting, 2 and half years expiry and 40c to pay and more importantly they are tradable. Shares go from 40c to $1 that 2.5 times options will go from 5c to 60c which is 12 times.
IPO - The Hydroponics Company Ltd, page-157
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