$DSC just priced. Anyone else watching the open today?

Investor summaryNeutral

Author discusses DSC Holdings' IPO, noting a massive valuation drop and extremely thin float, questioning if it will pop or dump.

Bull points

IPO valuation is significantly discounted compared to private rounds ($850M vs $3.5B).
Extremely thin float (only 3M ADS) could lead to high volatility and a hard pop.

Bear points

Late private investors might dump their shares at the open.
Massive down-round valuation indicates poor performance or weak demand in private markets.

DSC

Post body

Saw this listing today - DasouChe / DSC Holdings. Chinese used car dealer software company. Apparently valued at 3.5B in private rounds but IPOing at like 850M. Ant Group taking most of the float which is super thin (only 3M ADS).

Not sure if the thin float means it pops hard or if the late investors dump. Anyone have a read on this? NFA

Discussion · top comments

No comment snapshot fetched for this post yet.

View original post & all comments on Reddit ↗