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Reminder that Duolingo’s IPO is very accessible to the public via Robinhood. I am very surprised to see the high valuation for them but it may also be because a

Reminder that Duolingo’s IPO is very accessible to the public via Robinhood. I am very surprised to see the high valuation for them but it may also be because an uneducated public is trying to get in on something they feel is attractive only because they recognize the name. They may be in for a shock if the stock plummets soon after, especially since there are disincentives for flipping the stock if you bought into the IPO.

rvz 5y ago
> but it may also be because an uneducated public is trying to get in on something they feel is attractive only because they recognize the name. That sounds like a form of FOMO and they always think of only one way of trading this stock and that is buying it and holding it. Especially at these prices on the day of IPO. There are larger investors and VCs that have participated in funding rounds that have more than 10x'ed their fundraising round before the IPO. Somebody has got to sell and take profit at some point. I won't be surprised to see a small push higher then followed by some selling from the larger investors to contribute to the selling pressure of this stock. It's the larger early investors and VCs that have the advantage of manipulating this stock on day 1 of IPO day, not a group of retail traders and they will end up holding the bag at a high price.