RE:Is it only me smelling a R/S 3:1?take GPV.V as an example, R/S and US IPO at same day, before the R/S, the MM walked the GPV from $2 to $3.$4. and they did R/S : 7:1. to $28 CAD, US liting price was $20USD.
I guess US listing should be over $10USD( to be safe), if we stay at $2 CAD, we need to do a 7:1 R/S.
If the MMs can walk us to $3-$4 before R/S, we can do $20USD listing, and R/S 7:1.( if we at $4),
9:1 (if we are at $3)