It’s not really cheap though. I don’t think this is priced well for what it is today. Has potential, but we can say that about almost every other IPO out there.
A lot of IPO that actually flip on open are discounted to its true valuation because brokers and founders have an alignment that they both get upside if it is priced well. This unfortunately has no real upside. At the IPO valuation it is worth a punt but not anything above that. Nonetheless I’m a buyer at 30
It’s not really cheap though. I don’t think this is priced well...
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