… looks to be in the $43-47 range. Grabs popcorn….
So yeah, looks like any retail investor who didn’t get any IPO shares at $26 will get raped if they buy and it prices at or above this range, and don’t exit. And at an approximate 75% return, it would be too hard for some of those who were allotted shares, not to flip them for a quick profit if it pops this much (or even higher).
This isn’t to say that some of big money with no real stake in this (i.e. the ones who weren’t allocated much IPO shares for example) will just buy as many blocks on the open market as possible, push up the ask, and then flip into it.
