Some just don’t get it - no sense trying to analyse cashflow, employee expenses, etc at this stage. It’s all about growth potential! How do some of those metrics look for stocks with much higher market caps like PAR, EOF, SPT, Tesla?
Most IPOs rinse and repeat day 1. IMO, the dump on close was most likely an insto wanting to keep a lid on it to buy more next week. I reckon this will very likely nudge or pass $1.50 next week.
Got a nice allocation in IPO and bought more today - a little early @ $1.30
GLTA
IPO - Next Science Limited, page-39
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