The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It is definitely happening tomorrow. The date has been set. The IPO RNS comes when pricing has been set. That is usually after close the day before the IPO or the morning of it. We've already been informed that it is taking place.
Here you go, BristolDan. See date 23rd. Argo IPO.
https://www.nasdaq.com/market-activity/ipos
Nasdaq IPO tomorrow. The SP has been extremely resilient over the last few days and Mike's updates have shown us that there have been large buys from several II's hooving up pre-IPO.
Tomorrow we begin the next step of Argo's future and development :-)
Argo is currently trading at 18x P/E. The average for this sector is 38x so I don't see it being overpriced at all. If anything it's undervalued at this price. But everyone has their own strategy so good luck with yours.
Argobull nicely put. I think Blondity has a similar view as he sold part of his Hut8 position to add to Argo before the IPO.
Considering the recent market swings Argo has held up extremely well. Yesterday was an impressive finish and through Mike's great work we have seen that I.I.'s have been loading up massively before the IPO.
I think the sting of Evergrande has lost it's potency. Global markets are up today and there are plenty of analysts, including from Bloomberg, are saying that the effect of a potential Evergrande collapse would not be a global economic downturn as some originally envisioned. There was an initial panic which caused yesterday's red streak across the global markets but today it seems people have a much more nuanced and calm view so we should hopefully see a continued market recovery as the week goes along.
Argo ticking up :-)
And BTC shorts are on the way down.
https://datamish.com/
We have our Nasdaq listing this week. Exciting times!
https://twitter.com/thinklikeawhale/status/1438038099725008899?s=19
:-)