LubberJML
Oct 23, 5:02 PM
$WRD will this be WeRide story wit hthe start of year 3 on Monday?
Companies that tanked on the IPO, were left for dead in some cases then came back to life:
Meta IPO at
$38 on massive hype. Widespread skepticism over its mobile monetization strategy caused the stock to crater over 53%.
Meta figured out mobile in year 3 and the stock cleared
$70 per share. You know where it is today.
Square IPO at
$9. Investors were concerned thin margins and heavy competition. By year 3 growth exploded and the stock surged past
$40, eventually over
$200.
WeRide IPO on both the above circumstances and has had 2 full years to turn it up.
There are a lot of other IPO flops. Many never recovered. WeRide is TBD but WeRide seems to have the right ingredients in place to thrive.
I still want a new CFO and a top notch production and sales exec to run the show but I know I won't get that. So, will Tony and Jen be able to pull out a year 3 miracle?
1 replies