This will be a learning experience for me. Not seen this much heat around an IPO that Iāve been actively monitoring so keen to see if it surges and maintains a higher than launch average.
Now up to $42. Effectively about 38% hike beforer even open. Christ!
Guessing preferential shares are the answer. Institutional, private equity, and preferential shareholders get first dibs and are inflating the price before ordinary shares become available.
Thatās why Iām just watching, just too high for very little return. It also concerns me with no profit but maintaining a massive wage bill for those at the top.
They pull data from Interactive Brokers, whose data you canāt see unless you are in a trial or are a member. Couldnāt tell you but perhaps they see the pre-live trading and are reflecting.