Yes. You heard it right. Regal had entered into pre-IPO earlier...

  1. 469 Posts.
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    Yes. You heard it right. Regal had entered into pre-IPO earlier and took significantly into IPO. They already had 25+ mil demand from institutional. Not to mention that the stocks weren't offered to other brokers. The company is growing organically and it will attract attention of international institutions too in coming months. The IPO was priced reasonably based on calendar year (Dec 2020) revenues multiple given that the growth was more than 200%. With forecast calendar year revenues at this growth rate, the EV looks cheap.
    They should give a trading update post listing. Will be interesting to see if the organic growth that they are claiming gets validated. Fingers crossed.
    I did take a significant position into this and will buy more on dip.
 
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