Tissue Repair Ltd IPO 2021, page-11

Hi there TSpencer747,
I would be happy if TRP did trade within the range that you have highlighted.
All the companies in the comparatives are more established and other than OCC have growing sales revenue.

I think that TRP will be range bound with a market cap of $60m - 90m, until they complete phase 3 and are able to commercialise their products.
This may mean they have a few years with little or no income. And just like a number of other Bios they will need to do a cash raise in perhaps a year or two after listing. No doubt the prospects for TRP are great long term, if everything goes to plan.
Cheers