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Very name specific and the first day is a crap shoot.
Some stats for the the last 12 months of IPOs.
From offer price to first day's close: +15.4%
From offer price to first month's return: +19.0%
Obviously most of the gain from the offer price is when it opens up. The trading that first day has nothing to do with investors. Traders reign. Funds buy more through the underwriters as they sell them through someone else. Makes them look good to the underwriter so they get larger allocations.
The best advice on the price is old fashion analysis. What do you think it is worth?
If you want to PM me the company, I can see how the deal is shaping up.
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1987 930, (Imagine Auto) 3.4L, dual plugged, Electomotive, k27HFS, Tial WG, SC Cams, Kokeln IC, GHL headers, HKS EVC5 boost controller, Bilstein coil overs, Big Reds on Front
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