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Underpriced IPO run-up
posted on
Aug 10, 2008 04:49AM
When Alda gets its OTCBC approval, I am curious if this will have the same effect as an underpriced IPO would. An underpriced IPO usually has an immediate and large run-up which attracts other buyers who think there is something special here.
One could conclude that when Alda starts trading on the OTCBS, it will be fundamentally underpriced.
