John Bull schreef op 13 maart 2020 13:05:
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Hi Gunther,
IPO price plus 20-30%.
IPO was hyped and based on inflated numbers. However, the company proved its businessmodel in the years thereafter, gained some marketshare and in general showed robustness.
Setting up an ETF trading department is hard. IMC failed three times and these guys are smart. Same for Optiver to some extend.
My guess is that a proper trading company / bank / hedgefunds can save 50-70% of the development / IT costs if integration is succesfull. Please try and do the math then. Numbers / profitability will look a lot better.
Cheers,
JB