Question for anyone familiar with this company. IPO is planned for next week, is it worth buying into the initial allotment assuming you are able to?
It should not be allowed to IPO in the US and alibaba should also be delisted
Curious which platform you are using to buy IPO?
Buy if you are for the long term. This will be the biggest company after the downfall of the American empire
This post did not age well
Hard to say if it is a good investment or not. Thanks to Biden who took a lot of money from China, Chinese firms traded in US are not subject to being audited by US regulators. So there are many companies like Luckin which are frauds. There are good ones though.
Big market since alipay and wechat pay has ccp provided oligapoly in payments, but probably overvalued and high risk of Chinese fraud.