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Anonymous
Since Confluent just IPO-ed, was wondering if its worth to jump in on the opportunity.
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Ryan Toh, sharing ideas @ Just A Cuppa
27 Jun 2021
Biz Student at SMU
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In the past, it was very profitable to invest in a IPO company on launch day. However now there is an unusual hype behind IPOs, which caused most companies to be severely overvalued at IPO (see Coinbase). I would suggest waiting it out for a couple of weeks to see how the price reacts after the IPO. Cheers!
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Tan Choong Hwee
27 Jun 2021
Solutions Specialist at Providend
Didn't study Confluent IPO, so no comment on this specific investment.
In general, there is no shar...
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Underwriters usually inflate prices prior to IPO, and the 3-6months lock up period will result in sell-offs eventually...Would be good to wait out, unless its a DPO then would be a different story