RE: Is this likely to get dumped26 Feb 2021 10:26
ERCFC - There are lots of small PIs here selling their IPO holding. That's keeping the price down this morning a little. MMs know this, so are trying their best also. But even Kanabo and MGC, first day of trading were around 15p on opening and around 2.7p on opening. Both, even after the 'dumps' are trading at twice those opening prices. (And before you all correct me on the opening prices, yes, it's a 'rough' opening price, removing the spike for KNB and only memory for MGC). The price will go up and down, but IPOs are designed to stoke up interest to make sure they are successful so the initial price always allows for a rise. That brings more interest etc.