There's no doubt it's disappointing it didn't open with a bang but that's mainly due to a combination of market conditions and capital structure (attached free options with low exercise price). Many sold UUV and held UUVO. It's been a steady decline since with it holding firm for the past month.
Most tech stocks have opened poor or even worse without the free options in recent times. Probably not the best time to list but it can also work in favour of those who see potential and are willing to take the plunge.
Just my opinion of course.
IPO - UUV Aquabotix Ltd, page-294
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