Based on watching previous IPOs, it will initially climb, as interested investors take on positions, probably a day or two. They’ll probably actively support a bid price when it tails off, buying shares in a price range trying to stave off a big drop which might cause a big divestment and lead to short attacks. I’d probably watch this like the “shit beta” stocks, as it has potential for weaponized trading given its recognition.
If it can’t climb quickly, probably going to see a blood bath as people scramble to get out when they can.
Based on watching previous IPOs, it will initially climb, as interested investors take on positions, probably a day or two. They’ll probably actively support a bid price when it tails off, buying shares in a price range trying to stave off a big drop which might cause a big divestment and lead to short attacks. I’d probably watch this like the “shit beta” stocks, as it has potential for weaponized trading given its recognition.
If it can’t climb quickly, probably going to see a blood bath as people scramble to get out when they can.
As always, not financial advice.