I bought Roblox at 68 and am waiting for Coupang to come down a bit, Whats your thoughts on these stocks. Am I alone!
Coupang:
The company said it had priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion. That makes Coupang the largest IPO in the U.S. this year and one of the top 25 biggest listings of all time stateside, by deal size.
The price is also above the company’s most recent expected range of between $32 and $34 a share. the valuation and IPO price likely rose because Coupang is the only e-commerce company in South Korea that showed a sizeable gain in market share last year. He said its market size rose from 18.1% in 2019 to about 24.6% last year due to the coronavirus pandemic.
Roblox: well, I guess this does need any explanation.
Roblox is on my radar but that initial price was too high for me. I am going to what for a pullback after the hype dies done. Should a pullback occur of course !
I tried to jump on roblox at $65 but couldn’t get the order through like many others. I was going to drop it soon after the initial push up. But missed the party
Coupang wasn’t as bad… well it was, but the market knew what they were up to and they opened immediately overvalued so down they came and rightfully so. I’ve bought some at an average of $54, but like you, I’ll take another tranche once the price pulls back some more.
