The OP is asking if this is a good financial investment. The company is being presented as an IPO, initial public offering, which is an attempt to raise capital from average investors to further develop and market the product. I am not an expert on IPOs, but I always steer clear of them as an investment. From my limited experience, a successful IPO stock will typically go way up in price in a short period of time, and then the original investors with inside information, will sell off their stock, make a huge profit, and the stock to go way down. But those with no inside information will be told, by their broker, to hang onto the stock, and they will not know when the best time to sell occurs. The success of this process is mostly determined by the ability of experienced and shrewd stock brokers who are able to dupe average investor clients into buying the stock based on the promise that the product will eventually be a big profit maker. If the product is successful, the company may make a lot of money on it, but that will not happen until years later. So, my advice is to avoid IPOs unless you have real, valuable inside information about the company. If you like the product, wait until the volatile IPO initial process is over.
Last edited by retiredguy123; 07-06-2023 at 07:11 AM.
|