IPOs never cease to fascinate me mostly because of their valuation.
All value investors knows that price is relative,but the sort multiple been requested be some unproven entity boarders on the ridiculous
The Brokers must be having a field day with all the new players coming into the market .For me new companies must be given time to prove themselves and very importantly time to demonstrate a level of respect for share holder's investment.
In the case of a fairly young company share holder's respect speaks more to how the management runs the business as opposed to the amount of dividend payment made
No comments:
Post a Comment