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i really don't understand why an international company got the audacity to list ipo and cash out on 2nd day to make the stock price drop below ipo price, why is this even allowed
Yeah, they absolutely have the option to offload their existing shares if they choose to. It's a pretty standard move for investors looking to diversify or take profits.
Cuckoo has strong fundamentals, steady double-digit earnings growth, and leads in a solid rental-based consumer market. It seems seriously undervalued right now
I am so tired, should have exit the 1st day and take my loss instead of waiting for almost 6 months. I could have invested in US stock in that period but thanks to Kian Hoe and gang cashing out old share making stock price drop on second day of listing I am stuck. Not trusting Korean and Malaysia ipo anymore
The rental-based home appliance and household goods segment projected to grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2029. With current market penetration estimated at just 10%-15%, there is a lot more upside