Just wondering if people have any general guidelines for putting money into an IPO. Or not.
The one that's got me thinking is Papyrus Australia ( http://www.papyrusaustralia.com.au/ ) I first heard of the technology through the Landline programme some 18 months or so ago, and I've been keeping a vague eye on it ever since.
My rule of thumb for IPOs is run away. And in a bull market, I guess it should be run faster. And I know know know that a good product is not enough for a good investment. But I just LIKE this one.... and that's even more reason to stay out, right?
I've downloaded a prospectus and I've starting reading it, highlighter in hand and calculator at side.
Any comments on IPOs in general, or this one in particular?
Ghoti (the indecisive)