My friend, as an old stockbroker, experience tells me there may very well be a short term pop to the upside given pent up demand in a large, new market.
There is no prize for buying on the first day. T’where it me, I’d wait until the USD price settles.
There have been dog and pony shows and brokers barking into phones on the lead up to this introduction. Institutions have been allotted shares at a negotiated price.
Set a tight limit and be patient. If I was still in that game, I would have $2 million USD of institutional allotments at the offer price in my back pocket ready to dump on the heads of the retail crowd when it pops.
