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Still current sentiment drives the price. If the value isn’t appreciated now, just let it be. As long as the fundamentals are solid and quarterly reports support it, the price will catch up when the market recovers.
These days even quality IPOs don’t fly on Day 1 , need to wait for market confidence and volume to recover. counter like westrvr is a discount after ipo, could be worth considering. Ecoshop might just be the next big IPO. Hopefully it doesn’t flop on day 1, otherwise, everyone will just skip IPOs and wait to buy on first day discounts.
The market is currently experiencing mixed signals due to uncertainty and lack of confidence. However, President Xi’s visit could trigger a positive shift and lead to a significant market reshuffle. If sentiment improves, we may see strong momentum. WestRiver could even be oversubscribed. While outcomes still depend on overall sentiment, the potential for a turnaround is definitely there.