Pricey IPOs: learn to stay away and await listing
Earlier, we would see a stock list even higher than its issue even if its pricing was aggressive. The mis-pricing would get corrected over weeks or even months, as investors realigned valuations to actual performance
Investing in an early-stage business that has tremendous growth potential, and ample visibility of future potential, is a no-brainer. Investors know this only too well. Investment bankers who manage the issue know it even better.