RE:RE:RE:underwriters might be stuck with stock..pjn0987654321 wrote: The over-allotment option was exercised in full.
Generally that would indicate a comfortable bottom for shareholders however it could also mean the underwriters valued the company higher than the current market does. I agree with that valuation and believe this should be trading closer to $11 with potential to hit $12 on 2021 forecasted revenue. But as Keynes once said " The market can remain irrational longer than you can remain solvent." Let's hope once the futures market stabilizes we see a bounce otherwise they underwriters may cut their losses.