How IPOs Transfer Wealth from Retail Investors to Issuers and Lead Managers
I came across two interesting pieces of data on my Twitter timeline. The first is the view of 18 analysts on whether to buy, hold or sell the shares of Nykaa. When the stock was trading at Rs1,153 (before a 5:1 bonus), a majority (61%) said buy, and another 27% said hold, which means an overwhelming 88% of analysts were positive. The second chart tells you how much of the promoter holdings of...
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