I normally wait until the dust settles with IPOs before buying if I like the prospects. I wasnt interested in Spotify but $YQ has me intrigued. The company is growing pretty fast on the revenue side. First quarter was around $38M in revenue and the company has invested in good tech engineers and seems to have potential to carve a nice niche.
Here's the details:
https://www.nasdaq.com/markets/ipos/company/m17-entertainment-ltd-1053476-86852
I bought some IQ last week but probably waited to long. I might take a shot on this one right as it goes public. I'll start out with a short term exit strategy but I have a hunch this one might have a decent run over the next 6-12 months.
Curious to what others know about the potential of this company. I like their niche with streaming live music and YQ will be using the ipo proceeds to penetrate into other markets like Japan. IPOs are always a bit of a coin flip but I like this particular one.
Submitted June 03, 2018 at 09:41PM by avoidingdumbmistakes https://ift.tt/2kJyU0P
