20 Jun 2018
Business news can be seasonally quiet in June with companies approaching reporting blackout. Investors do however get to enjoy a fresh round of IPO’s eager to attract their hard-earned capital.
We like to look long and hard at these opportunities, as they present a uniquely inefficient pricing window for a number of reasons including:
The companies have little public track record;
Limited investor knowledge;
(Most importantly) No market pricing.
Full Article: here