GMVD - NASDAQ IPO, page-1236

I'd love you to be right about MC. But $5M in revenue during the year of Covid -- that's an 80X multiple to get to MC of $400M.
They've signalled the MC is less than for the last attempt: $22M IPO, not $30M.
Nasdaq Capital Market, not Global Market.
One underwriter, not two (where one was in HK and one in USA.)
And I'd dispute whether ThinkEquity is more reputable than Fosun Hani or Boustead Securities.
Hard not to feel it's another gut punch.
And now, they can't even fudge the promise of 2020 revenue because 2020 is well and truly over.