Like you, feels to me like an element of frothiness having now crept into proceedings ("hot" IPO's will do that, I find).
Looking specifically at SiteMinder, to this investing urchin it has hallmarks of a frothy market:
Paying 12.5x EV/ARR to buy a business off its founders and PE and venture fund seed financiers for a business whose earnings trajectory is unclear because the past two years' of financials where Covid-bashed.
I'm not sure how I make money participating in the IPO (apart from it going to 15x EV/ARR, 0r 18x or 20x).
Lot of guys infinitely smarter than I am are selling down aggressively, which makes me feel like the odds of my derriere being handed to me on a platter, are high:
I'll pass on the SiteMinder IPO, I think.
Any stag profits I'll leave for others to harvest.
.
Ann: SiteMinder IPO - Priority Offer Now Open, page-10
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BTI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.25 |
Change
0.010(0.81%) |
Mkt cap ! $184.4M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.24 | $826.4K | 661.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28517 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BTI (ASX) Chart |