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Absolutely kerching. Pocket the proceeds at IPO, buy the company back cheap, and then relist it again later.... What they mean by "rinse and repeat"!
As for the appeal of the LSE, well, the performance of the vast majority of last year's IPOs says it all really - most are 60-80% down, or more. Now is not the time, but when I get a reasonable chance I shall be rebalancing my portfolio away from the UK.

All-time lows for RENX, showing 90p to sell. It
I keep reading we're enduring the worst period in biotech history. Given RENX was 1220p on the 27.05.21, I can easily believe it!
This will either prove to be a screaming bargain at these levels, with existing holders multi-bagging, or much of the industry, including RENX could get consolidated, with existing holders largely wiped out.
Who knows? It's certainly high risk - too risky for me to add any more - but neither am I selling what I have.
I shall just nurse my losses and see where we go next.

Yes, although the share price is now only 43.75p to buy, I can't bring myself to buy any more... with purchases already at 98p and again at 57p, I'm now too scared to be throwing good money after bad.
The price is so low, I wouldn't be surprised if the founders take it private again for a song - company's market cap is a mere £142m today.

(Sharecast News) - Shares of Made.com rallied on Tuesday after Davy upgraded its stance on the furniture retailer to 'outperform', citing sale potential.
Davy lifted its recommendation on the shares from 'neutral', arguing that the company is a target for a trade sale.
Davy said a capital raise seems less likely than a sale, which is an outcome pre-IPO shareholders will likely make a push toward.
Davy maintained its 30p price target on the shares, which by 1255 BST, were trading up 11.5% at 8.81p.

Hi baldeagle, all these points are well-known - at least by me - and I had considered them before investing.
You put the word 'comfort' in quotation marks, but I can't see anyone who used that word. I described the 53% discount to nav as 'compelling', but I can assure you that the discount to nav was just one factor in my decision to invest.
Addressing the well-known issues:
NAV valuation. I think they're addressing it. They've set up an independent valuation committee and seem to have become increasingly prudent. Klarna, for instance, has had its valuation cut by 80% - in line with listed comparators.
Performance fee. It's paid, it's gone now, but I don't believe there'll be another one as they've totally reformed the scheme.
Sentiment towards 'growthy' companies. Yes it has been a tough market, but I've invested here with a 3-5 year view and I actually like a number of the companies in the CHRYS portfolio.
All of this doesn't mean I was right to invest of course and I'm down on my buys already. As always, the question will be is it all reflected in the current price?
Final point: I've only 'dipped my toe in the water' at this stage and am monitoring. The hope is that this is now 'A Trust on the Turn'.

I think it's called self-blame deflection...

If the Kamanis were to take this private at even double the current price, most of us wouldn't get our money back, lol!
Gotta laugh, what else can you do?
I won't be selling but equally I'm not putting any more of my good money into this p.o.s.

... at the moment. With the energy price cap announcement today (and before we know what the govt support measures are), we could be at or close to peak pessimism.

And they should be able to pass on the increased costs by raising their prices. I won't be cutting down on loo paper!

I'm not sure PE companies are "allowed to value themselves". If not profit making, they normally get valued according to the last fundraising round. Of course if these fundraisings were a while ago, the valuations will likely be out of date and revised downwards (given current conditions) at the next fundraising. Additionally, Chrysalis seems to have taken on board recent criticisms and now have an independent body looking at the share price performance of listed comparators (if any), and adjusting valuations accordingly.

Anyway, the market still hates this Trust and the price continues to drop. At 77p to buy this morning, it's at a pretty compelling 53% discount to the latest recently published NAV.

Notwithstanding today's inflation and interest rate picture (which won't last), I also believe CHRY's beaten-up secular 'growthy' businesses will be a good place to be if we're to endure many years of no or low economic growth.

I was so worried about this share - wondered if I'd ever get my money back...
It's so good to be reminded - especially at the moment - that the stock market is capable of throwing up good surprises amongst all the nasty ones!
Well done bruised and battered LTHs, your patience was rewarded. I feel marginally better about investing again.
And it's a bank holiday weekend!

Company today announces a restructuring of its Value Creation Plan, to better reward "exceptional performance".
Presume previous scheme hasn't worked out too well of late (to say the least!), so they're wiping the slate clean and cobbling together an easier scheme.
Nice for them, but hey, don't forget us shareholders.... do we get a new Value Creation Plan or are we left with the usual Value Destruction Plan?

Cash is still there and they appear to be looking after it, which is good because they're pushing out profits until 2024.

Overdone. I've added a few more on today's weakness.

Your biggest holding @139p? Respect to you.
My first buy (feels like ages ago, but was really quite recent) was at 133p... and already 40% down on that!
Do you think they might cut that divi? It seems generous as a yield on the current share price.
Yes we are indeed on the same side. Hopefully we'll have something to smile about in the not-too-distant future.

AWE taking a beating these last days. Must be because I topped up recently lol. Sorry about that!

"Therefore, the stock will likely continue falling as sellers target the next key support at 40p".
Cube are twisting the knife...

Useful discussion about the factors that might act as a catalyst to the share price, from new bids to lower interest rates next year and so on.
But missing from the chat is the question of when the company might become both profitable and cashflow positive. Clearly that would put a rocket under the share price. Does anyone have a view as to when that might happen... or is THG destined to remain unprofitable for a very long time?

Read below.
Also, the entire UK small/mid cap market has taken a tumble these last days.

Our posts crossed. Didn't know you already owned shares and are looking to average down - in that case you may well be unhappy with a lower price, my apologies.
I'm fairly new to owning shares here, as you can probably tell.
4.5m on pay is crazy for a company of just 250m market cap.
But a target price is based on fundamentals, whereas you're simply trying to avoid catching a falling knife... (which is entirely sensible btw).
Good luck.