vit bookbuild was priced @ 2.10 when BKL was trading at $90.00
BKL has doubled in that time, going to around $180 now.
VIT has now declined 20% from 2.10
overall VIT has underperformed BKL by 120% so far since September which is disastrous for holders
Holders could've easily gotten gains from buying BKL, but instead suffering big losses.
This is causing the furious disappointment and further sell off of VIT, below its true value, as holders are losing faith in it.
it shows how uneven IPO's really are, and how much the vendors can screw unsuspecting holders in the short run. They really took advantage of BKL's hype, but VIT is nowhere near BKL.
BKL may rise further/VIT fall further, making the underperformance even more
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