I think what is happening with IPO's, are people are pretty hesitant to pay much over the odds/placement price. I burnt myself pretty hard on LSH, with a decent case of FOMO. However I have entered here as figured paying the same price as placement is a reasonably safe bet. There is obviously some seed stock being fed out, as unlikely that anyone would bother trying to rush to exits after buying a stake at 20c.
Small free float, potentially disruptive tech, big sector and good backers and if they have some decent news in the next few weeks we could see some decent rises north.
Hope so for all our sakes.
SVT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
