Are all IPOs worth investing in?
Are all IPOs worth investing in?
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- Moomoo News Team
从免费入门课程到高级交易策略，我们的目标是帮助您增长知识和更聪明地交易。让我们让投资变得更容易，而不是孤军奋战。
--Moomoo新闻团队
Chapter 6, October 28
第六章，10月28日
By Debby
黛比(Debby)著
What's new?
有什么新鲜事吗？
Shares of $MediaAlpha Inc(MAX.US)$ soared in their market debut Wednesday on October 28, 2020.
的股份$MediaAlpha Inc.(MAX.US)$2020年10月28日周三，它们在市场上首次亮相时飙升。
MediaAlpha shares opened at $23 and ended trading at $31.15, a 64% jump.
MediaAlpha股价开盘报23美元，收盘报31.15美元，大涨64%。
MediaAlpha collected $175.8 million late Tuesday, after selling 9.25 million shares at $19 each, the midpoint of its $18 to $20 price range.
MediaAlpha周二晚些时候募集了1.758亿美元，此前该公司以每股19美元的价格出售了925万股票，这是其18至20美元价格区间的中点。
MediaAlpha CEO Steve Yi said in an interview,
MediaAlpha首席执行官史蒂夫·易在接受采访时表示，
I’m thrilled with the IPO and what it means for our team members.
It’s an opportunity to reward their commitment, to recognize their hard work. It’s a milestone. Also, it’s the start of an exciting new phase and the start of our journey.
我对首次公开募股(IPO)以及它对我们团队成员的意义感到兴奋。
这是一个奖励他们承诺的机会，表彰他们的辛勤工作。这是一个里程碑。同时，这也是一个激动人心的新阶段的开始，也是我们旅程的开始。
MediaAlpha uses artificial intelligence and data science to help insurance carriers find customers online. The company provides a digital-advertising platform to draw customers to insurance carriers.
MediaAlpha使用人工智能和数据科学来帮助保险公司在线寻找客户。该公司提供了一个数字广告平台，以吸引客户到保险公司。
However, another insurance company $Root Inc(ROOT.US)$ didn’t fare as well. Its much larger IPO initially rose 9%, then dropped below its $27 price before rebounding to end where it started.
然而，另一家保险公司$Root Inc.(ROOT.US)$结果不是很好。其规模大得多的首次公开募股(IPO)最初上涨了9%，随后跌破27美元的价格，随后反弹至开盘价。
Are all IPOs worth investing in?
所有IPO都值得投资吗？
Apparently, not all investors should invest in IPOs on their debut days.
显然，并非所有投资者都应该在IPO首日投资。
When investing in an IPO, it is important to understand that it is akin to investing in the growth of a small company, a sunrise industry, a large corporate opening up to retail investors and being a part of its growth journey.
在投资IPO时，重要的是要明白，这类似于投资于一家小公司的成长，一个朝阳行业，一个向散户投资者开放的大公司，并成为其增长之旅的一部分。
Hence, it is important to take a good look at the company, the nature of business, its track record, management, competition, and its business outlook. A company in the growth stage may offer more potential for long-term capital appreciation.
因此，很重要的一点是要看清楚公司、业务性质、过去的记录、管理、竞争和业务前景。处于成长期的公司可能会提供更多的长期资本增值潜力。
The valuation and the attractiveness of the IPO price band can be analyzed by reviewing the financials of the company, referring to research reports or by comparing with the valuation ratios of similar companies. This will give you a holistic view of the company’s prospects and help him understand if the IPO is overpriced, under-priced or fairly-priced.
IPO价格区间的估值和吸引力可以通过审查公司的财务状况、参考研究报告或与类似公司的估值比率进行比较来分析。这将让你对公司的前景有一个整体的看法，并帮助他了解IPO是高价、低价还是公平定价。
You could check a newly-listed company's prospectus under the News, Announcement section on moomoo:
你可以在Moomoo上的新闻和公告部分查看一家新上市公司的招股说明书：
Source: moomoo
来源：Moomoo
Only companies with big growth potentials and reasonable valuation are worth investing in.
只有增长潜力大、估值合理的公司才值得投资。
Source: Barron's, economictimes
资料来源：Barron‘s，EconicTimes