Q: Hi Peter
going to be listed in the US market , but pulled back
like to add to a pre-existing position
looking for an entry price to add
please give me a reasonable price to think about it
thanks
Michael
going to be listed in the US market , but pulled back
like to add to a pre-existing position
looking for an entry price to add
please give me a reasonable price to think about it
thanks
Michael
5i Research Answer:
MDA fell 7% yesterday, but note it was up 12% in the prior three trading days. It is still up on the week. The US IPO was priced at US$30.50. A US listing is positive, but does not automatically guarantee success. We would suggest C$41.50 as an entry.