It has risen further and has closed at 77.20
IMO, since the company has many backings also from many governments, I think it will reach also 100 in the coming weeks, if not days.
Hot IPO tomorrow (Friday): CureVac (Corona vaccine company)
- Thread starter thecoder
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IMO, since the company has many backings also from many governments, I think it will reach also 100 in the coming weeks, if not days.
Well technically, it opened around $36ish. Only the good ol' boys got in at $16.
It was a good find though. I haven't dug into their S-1 filing, but if you are going to play/follow the stock, I certainly would read that if I were you. Things like how many shares were initially offered, how many additional were held back in reserve for the underwriters, when does lock-up expire, are there any early players with large positions that are allowed to get out.
All these things matter on low float ipo's. As a rule of thumb, I'd be careful of high flyers like this with no ability to short or buy puts on. Inevitably they leave a trail of wiped out retail bag-holders.
Use stops, but remember, stops are only triggers. If it gaps down $30 overnight, you sell at the opening price.
g/l, don't go crazy with it.