Wednesday, December 22, 2021

Stabilization after IPO

 I read that stocks after IPO may have a big sell-off

because people who received shares will sell to cash in

went to see a few companies that IPO recently

Coinbase, LMND, HOOD


some of them reached a support or resistance

within 2 weeks, 1 mth or 2 mths

so for Grab, I guess the stocks should stabilize within 2 months,

which is around Feb 22

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