Will Initial Share Holder Dumping their holding at this Price ?
Frankly speaking, there are very rare new IPO Tech company with positive EPS and Earning.
Simple Quant analysis :
There are very small trading volume from IPO date 7-Jun to 15-Nov Price Range (8.90-67.25)
Volume only 73M in total with average Trading Price = 27.74.
In the last 10 days - volume 286M , Avg Price = 11.88
Price at the date = 8.95 which is the IPO Price
As said, very rare new Tech IPO with Positive EPS and Earning in the market. Will these share holder willing to sell their holding even after release of locked period ? My view the fair trading price for this should be around 20-25 back to the price range before the spike up.
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