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this post was submitted on 30 Jan 2024
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RIP Rasbery Pi. IPO is good for investors, not for consumers.
It's going to be a cash flinging fest. Sign up for the IPO, put your money there, sell in the next days. I am no day trader but I don't know of a single time I've heard of an IPO that wasn't heavily pumped for the first hours and days. Not that I'm a filthy capitalist swine who would do such a thing, I'm just saying.
All kinds of IPO don't live up to their expectations. Facebook went down hard back in the day, for example.
I think like this: "oh, that sounds cool and smart and has a catchy brand, a lot of people will buy things that sound cool and smart and have catchy brands, so let's [hypothetically] buy that then sell it right after before the hype dies out in the face of reality"
All kinds of IPO don't live up to their expectations. Facebook went down hard back in the day, for example.
It's good for existing share holders. IPOs can be bad for investors too. I wouldn't want to touch this stock