I think if people dont believe in a company and management then they should not invest in first place in any IPOs. Any IPO is always more risky than already listed companies. No matter how much a company looks good from product, potential and management it can still bomb on day one. However, it will have fundamental right in terms of product , potential and management it will bounce back and we have seen numerous IPOs examples for than such as Nitro, OpenPay, Mannuka etc in most recent. Felix has fundamental right and a great product. Similar product was bought by Oracle for 1.3 billion.
I think with time this will catch up and grow. If someone is looking for spot profits then these kinds of IPOs are not right fit.
IPO - Felix Group Holdings Ltd - 12 January 2021 #, page-28
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