Ann: Change of Director's Interest Notice, page-4

I don’t think it’s valuation that is the problem here. If it is really poorly valued and overpriced at IPO I don’t think it would have been oversubscribed. Valuation and price usually aligns later on, not days after an IPO. This was driven badly by momentum. At these prices people wanting out, they wouldn’t be the IPO buyers. Either pre ipo or even before that.

Company just listed and has not made any material announcements so fundamentally nothing has changed for the better or worse. Surely around the 12-14c mark it is worth a punt. At least the director buying thinks that is the case.