I am not a fan of IPOs. I do not consider them an attractive opportunity for my investment objectives. In general, companies or organization come to the market with IPOs to generate capital. Their objectives are to generate as much capital as possible with minimum possible dilution. Companies usually choose opportune time frame to offer it to open public so that sufficient premium can be added to fair value (or book value). I do not find fault with the company. They are doing what they are supposed to do. They are attempting to meet their objective to get maximum possible value from the market.
Everybody will have an opinion which is perfectly acceptable. The broking world says “buy it for long term”. Retail market sentiment says buy, buy, and buy. However, I am not buying it. I am giving it a pass. The key question here is what is in there for me as an investor?
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