Yeah not thrilled about it pricing $2 above $16-18 range either but sometimes it's a good thing. It indicates healthy demand and I am hearing multiple times oversubscribed. Sometimes it's best to just use a market order early, in my experience, and let the pros worry about buying dips or getting left behind. I'm more of a longterm holder anyway. I don't think it will drop drop to $15 though, too much demand and too small of a float.
I do think it has good potential long term with only 1 other major CSD competitor in BLUE so it's not like the market is saturated by any means. Look at what BLUE's stock price has done since it's IPO a couple years ago! Granted they have more in the pipeline and of course it's a different treatment with pills than with gene therapy but this could be a good one.
I tend to like the syndicates though. GS and MS usually back pretty good bio IPOs. Good luck tomorrow!
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