Any IPO where $183.5m is being raised, but $118.5m is being used to pay out existing shareholders is a big red flag, and I would suggest on this basis alone this IPO should be avoided with a tentpole.
Additionally, the offer puts the Market Cap at $637m and EV at $536m, for a company that lost $3.4m last year and historically has not been operationally cashflow positive.
So where is the value in this one exactly? I will look to short this on IPO if I can
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$5.54 |
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Mkt cap ! $637.1M |
Open | High | Low | Value | Volume |
$5.72 | $5.72 | $5.52 | $152.7K | 27.34K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 13 | $5.54 |
Sellers (Offers)
Price($) | Vol. | No. |
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$5.58 | 237 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 1996 | 5.450 |
1 | 855 | 5.440 |
1 | 740 | 5.400 |
1 | 2000 | 5.350 |
Price($) | Vol. | No. |
---|---|---|
5.710 | 181 | 1 |
5.750 | 1000 | 1 |
5.800 | 47 | 1 |
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