Agreed @RNClarke . I have followed several IPOs that I came...

Agreed @RNClarke . I have followed several IPOs that I came across too late to get into from the start, but wait by the wings for the correct entry point for me.

We often here of, and have to have much churning, for the early SP fluctuations to settle, as the shares get into longer term holders hands, and traders, brokers and institutional guys who were hoping to make a quick buck off the listing move on to the next one.

From your experience, which no doubt is more impressive than mine, what sort of timeframe of 'churning' do you expect for GMV, and indeed learning from similar IPOs I'm sure you've been in? I know the churning is a variable of volume, not time, but I'm sure you could infer from previous listings.

Many thanks, Newt