Dignified Rube wrote:
Portillo's starts trading today on the Nasdaq under PTLO.
IPO is priced at $20 a share with a float of 202 million shares. Seems way too high for net income of only $28 million in the first six months of 2021.
Maybe people will want it at any price, but $10 a share would be more reasonable. Is it really a $4 billion company right now?
You forgot about this one. Portillo's up 125% from its IPO price last week.
I was in at $28.90 and sold today at $44.70, looking to rebuy on the dip.