Quote:
Originally Posted by IGGYRULES
Retail investors are at a huge disadvantage with IPO's. Better off to invest in an IPO etf as they can likely buy at the IPO offering price. Snowflake was $280 the moment it hit the market. Far cry from the $75 then $130 per share valuation they had given it. The original share price was going to be $75 iirc then a few days later that raised to $120. Keep in mind that $75 price was likely an inflated value as it stands. No way they were worth 3.5x more on IPO day. Market is nuts...
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when has the market made sense lately?
Is there any point looking at some of the financials anymore? Seems to be all about momentum. Heck how did Nikolai even get the stock run it had without a solid business plan or even the technology to back it.
But yes, retail investing into IPO sucks. LMDN / NCNO / SNOW all opened to over double their IPO which included IPO price increases beforehand.