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Hey team,
It's a blockbuster week for IPOs… and probably the most exciting, ever since Snowflake (SNOW) kicked off along with several other software companies back in September.
Two of the top five largest IPOs of the year are kicking off.
Combined, these two companies are expected to raise $6.1 billion, at the top end of their price ranges.
That will set a record for highest IPO volume in a single month, surpassing the $8.3 mark established in 2001 and 2003.
Already, both companies have upped their price ranges, and I anticipate that both IPOs will get way oversubscribed as investors scramble to get a piece of the action.
However, I want to share one of the dangers of getting long on DoorDash and Airbnb today and tomorrow.
That said, I'll also share some opening price predictions on DASH and ABNB as they can fly hot out of the gate.
Continue reading...
Ben Sturgill DailyProfitMachine.com |
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