The greater the fear towards giant floatation, the higher the reluctance towards a daring punt within a tight application due, ie, Tue noon. With a bearish global mkt sentiment, added by further drainage of funds towards BOC and PST, a lower-end final pricing is highly possible.
Based on projected valuation range from 38c to applied tgt of 42c, a final offer of 30c (and/or preferably lesser) would be ideal. Should it reflect the concerns/fears of abv factors, meat is still very much available, similar to STX's debut scenario. However, given the heavier public floatation, upside from opening is unlikely to be easily overstretched.
Further monitoring of institutional/retail demand/sentiments is encouraged.
