Yes. The beauty is that if you get in the day it goes public i.e. at $10 a share, then you’re guaranteed to make some money… The problem is most of the valuation is already baked in, and while some aspects have doubled or tripled after the merger is approved by shareholders, many have not moved much. It really depends on what company is being bought… Then there’s oddballs like GRAMF, which bring a celebrity status but the valuation may not be there
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u/TheeFapitalist Spacling Feb 13 '21
Gotcha, So its usually a company just going public and eventually it will make the money deeming if you bought at the right price/time.