Huge indicative demand and underallocation could lead to a pop on listing. With no passive buying near-term, investors could pare back IPO allocations into the pop and wait for a better entry point.
Boomeranged on Wed, 8 May 2024 04:30
HD Hyundai Marine Solution lists today. The oversubscription from retail and institutions should spill over into trading and peers have moved higher recently. But the lack of passive inflow in the near-term could lead to selling at higher levels.
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