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Originally Posted by IliketoPuck
Do you tech gurus have thoughts on the upcoming Nuvei and Snowflake IPOs?
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I buy IPOs for 2 reasons,
1 - I want to gamble and make a possible quick 20-40-80%
2 - I actually like the business and want to be in long term
Nuvei doesn't qualify that for me. Not a disruptor / business doesn't excite me / IPO is filed only in Canada. I have doubts on it having momentum to push the stock up heavily, but with that being said, perhaps there is a pent up demand for Canadian Tech investments to drive the price up.
Snowflake looks to qualify both of my reasons. I haven't looked into the technical details of their cloud data warehousing, but that is definitely a growth area. It looks to have momentum, it's a US stock, a lot of people are talking about it. Might be worth taking a flyer in your registered or TFSA accounts depending on what price you can get it at. If only us peons could actually get IPO pricing on some of these stocks....