The issue price is $2 a pop so for anyone who got thier shares...

The issue price is $2 a pop so for anyone who got thier shares through IPO, it is currently just flat not 9.5% loss.

If anyone bought this for profit on open, they were going to be disappointed as previously mentioned. You really need to own these for at least 3+ years to be able to see good returns. Rajiv Jain has been in the industry for over 25+ years and has an imppecabale record so I think over a long term this should be fairly safe.

If you want to take a look, look at how WGB performed from listing (It is a LIC).
- Issues at $2.20 in Jul 2018,
- traded in the $1.90 - $2.30 range over next 1.5 years, dropped all the way down to $1.55 in covid sell out.
- Paid no dividend in the first year
- But since then, the dividend has increased by 150%, share now trades around $2.70. So essentially 4.5% annual return before franking credits (around 6+% with franking) and a 23% total capital gain for anyone who bought during the IPO and this is over a 3 year period.

GQG expects to yield 5.5% divident returns for the first year. It is a growth fund so the likelihood, if Rajiv stays to his reputation, we should see a far better performance than WGB in 3 years.