Do you have any word on how oversubscribed this offering is? I have been offered an allocation and am a little concerned about the size of the offering and that the offering is coming at a 30 P/E versus MC's 11 P/E when it went public. If there's going to be a pop, I'd be all in and possibly sell the first day but I'm worried this will be one of those bloated pigs that falls from the opening bell and the people who bought at the IPO price turn out to be unwitting bagholders. Thoughts?
Do you have any word on how oversubscribed this offering is? I have been offered an allocation and am a little concerned about the size of the offering and that the offering is coming at a 30 P/E versus MC's 11 P/E when it went public. If there's going to be a pop, I'd be all in and possibly sell the first day but I'm worried this will be one of those bloated pigs that falls from the opening bell and the people who bought at the IPO price turn out to be unwitting bagholders.
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