IPO - Elsight Limited, page-66

Disappointing day but this is the way the market works. Sometimes it surprises to the upside, sometimes it's to the downside.

I believe there is very good long term value on offer now. I'll be adding slowly from this position I feel, particularly around news flow. And as @Anton Chigurh alluded to, the days of just plotting your money on an IPO for a wager and expecting a win is no longer a sure thing...nor should it ever really have been like that to begin with, as these are companies that people should be investing in rather than speculating/gambling on. I still hold all of my IPOs bar BHD, which was a LIC that I shifted because of the ease to reenter at an affordable position.

On a side note, if you're looking for a case to argue that an IPO can mount a comeback, TB8 has gone from a post listing low of 8c to 23c in the space of a month. News flow and the right type of buyer(s) can turn things around, no reason why that can't happen here in time as well.