Soon we will know the actual value of POET. These shares are tickets on a horse race at this point.
Underwriters play a crucial role in the process of bringing a company's shares to the public market. Their primary duties involve assessing the financial health, risk profile, and overall viability of a company seeking to issue shares. Underwriters evaluate the company's financial statements, management team, and business prospects to determine the appropriate share price and the number of shares to be offered. They also help structure the offering and decide whether it should be an initial public offering (IPO) or a secondary offering. The underwriter commits to purchasing the shares from the issuing company at a certain price, which is typically lower than the expected market price. Once the shares are on the market, their pricing dynamics are influenced by supply and demand, investor sentiment, and various market forces, ultimately determining their market price.