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Predict the drop during ipo

$Grab Holdings(GRAB.US)$
but didn't expect it to drop so much!!

Population Ratio How many Asian users does Grab have? Market capitalization = 40 billion
How many European and American users does Uber have? Market capitalization = 50 billion
How many Chinese users does didi have? Market capitalization = 38 billion
Grab's user cohort can't support such a high market capitalization
Moreover, the main revenue has many competitors, such as:
Ryde/Gojek/Comfort
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Let’s snipe some money
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