IPO - Elsight Limited, page-56

People sinking the boot into tech listings in this market is a pretty cheap shot. Considered research, fine, but not seeing much of that here.

Blind Freddy could tell you it's a broker's worst nightmare atm trying to list nanocap stocks. Mining IPOs getting pulled too. UUV MOB GMV SVT, plus all the former darlings well off highs.

Serves little purpose getting on HC and stating the obvious.

I committed to a small position here a month ago, "just in case" as fundamentally, I saw no red flags against the biz and it was priced more favourably than most of the recent tech listings and in a prospective sector. Figured maybe the spec market may have picked-up a little by now and no big deal if wrong.

It's hardly been furious selling if you check the volume. Like other recent IPOs, there's simply a lack of buying. The market is risk-off. How much are our four major banks off in the last few months?

The LM had a nice win with DTS, which is still 50% above IPO and a poor return with HMO. Let's see how it plays out.