Exactly. The pre-IPO investors and employees will sell some of their shares now to take their profits in as retail now buys HCP at these prices, at a time of lots of uncertainty and 'fear' in the markets as of 9 Dec 2021. [0]
I'm expecting it to rise due to retail investor hype. I would avoid it for now at these prices at this time. We'll see after this period of uncertainty and after the lockup period expiring in 180 days after the IPO.
I'm expecting it to rise due to retail investor hype. I would avoid it for now at these prices at this time. We'll see after this period of uncertainty and after the lockup period expiring in 180 days after the IPO.
[0] https://money.cnn.com/data/fear-and-greed/