I think the stag sellers were rushing to lock in whatever profit they can. Usually you get a rush to exits in first 15-30 mins. Then instos grind it higher if they have buying interest.
I think this will play out similar to TRJ. Steady start to listed life but sustained buying over a number of days.
IPO - Lumos Diagnostics Holdings Limited - 5 July 2021 #, page-7
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Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $19.14M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.4¢ | $102.3K | 2.948M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 621826 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 315000 | 2 |
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| LDX (ASX) Chart |