Third time unlucky in IPO application.
To be fair, the chances were pretty slim to begin with, from around 3% to 16% based on the number of lots you applied.
From the allocation balloting, we can also see that the management is appreciating long term shareholders more than those who were bidding just to sell it off in the near term.
The stock made its debut performance today and it closes at $0.42 on its first day of trading. That’s a 35% increase in the stock price and a strong debut performance from the Starburst. At $0.42, I think the upside could be somewhat limited as I projected around $0.36 to $0.40 as the fair value based on their historical earnings.
Didnt get it. First day trading did well.
Hi anonymous
35% increase on its first trading day. Having said that dont think retail investors get many out of it.
Might be a blessing in disguise for you?
Regards,
SG Wealth Builder
http://www.sgwealthbuilder.com
Hi Gerald
How is that a blessing in disguise? 🙂
We will outgrown IPOs one day.