RE:how iot IPO will work and how many shares you will get<p> They have given the share exchange ratio as of yet and they havent given the record date either as of yet. I found that rushed and believe the informal offer for the company came in at 4b give or take along with termination of employment agreements and didnt get far<br /> It was a rushed announcement imo. They actually could have given a record date instead of saying march to squeeze the shorts (the shorts would have been short the iot ipo which they wouldnt have wanted<br /> its falling due to a couple reasons. The obvious arbs and speculators on a takeover didnt occur so they dump the stock. Their financial numbers that were previously announced so it's no suprise really. </p> <p> however it falling below 5.50 is an opp imo. I crunched numbers and gave a high mid low scenario <br /> you get x amount of shares in newco spinoff and retain your position in bb. </p> <p> the stock will float between 4.80 and 5.50 until they announce a record date <br /> with all that being said they have stated the strategic process is ongoing so who knows who or what may happen including fairfax acquiring another private equity firm acquiring and/or another competitor such as crowdstrike for cylance or amazon for ivy</p>