u/Satomi_Machida

Saw this listing today - DasouChe / DSC Holdings. Chinese used car dealer software company. Apparently valued at 3.5B in private rounds but IPOing at like 850M. Ant Group taking most of the float which is super thin (only 3M ADS).

Not sure if the thin float means it pops hard or if the late investors dump. Anyone have a read on this? NFA