Downing Renweables and Infrastructure Trust - IPO

[Pete675]

One to avoid imho. I was in at the IPO of Downing Micro Cap, fortunately got out when it rallied to 82p. What is it now, around 50p? Experienced investors learn to give IPOs a miss in general, never mind Downing ones..

[Pete675]

More on Downing Micro Cap's performance - or lack thereof: https://citywire.co.uk/investment-trust ... y/a1353270

[midgesgalore]

One to avoid imho. I was in at the IPO of Downing Micro Cap, fortunately got out when it rallied to 82p. What is it now, around 50p? Experienced investors learn to give IPOs a miss in general, never mind Downing ones..

I get that IPOs are risky and I was bitten about 20 years ago with Web Share Shop that turned into a mining collective called Starvest. Oooft!

Since then I have been very lucky with my ITs - every one a winner so far - so long as I think the IPO launch has a chance of getting to £100 million:
Baillie Gifford USA Growth (USA)
Aberdeen Standard European Logistics Income (ASLI)
Smithson (SSON)
Octopus Renewables (ORIT)

and single shares not quite as lucky:
Hargreaves Lansdown (HL.) Still hold
Esure Insurance (ESUR) Taken over broke even total return
Trustee Savings Bank (TSB) Taken over but profitable
Royal Mail (RMG) - although good job I sold it at profit 2 years later in 2015

Not so good at picking non IPO shares either, e.g., the likes of Carillion
Ahem

midgesgalore