Getting an allotment in an SME IPO can feel like winning a lottery, so it’s wise to book profits on the listing day. In 2024, two-thirds of the 166 SME IPOs have yielded at least a 50% return, with 67 doubling investors’ money, often on Day 1. However, after the initial surge, many investors flipped shares, and about 72 of these IPOs are now trading below their listing day closing prices, with losses reaching up to 69%, according to Prime Database.
This microcap stock’s 1:8 bonus issue, 1:5 stock split record date tomorrow. Do you own?
Sellwin Traders plans a 1:8 bonus share issue and a 1:5 stock split, with November 1, 2024 as the record date. Shares must be bought
October 30, 2024