Geely's CaoCao just flopped harder than my grades ๐๐ IPO crash lands 19% below offer ๐คก๐ธ #InvestingIsHard
๐๐BOOMERS, GET READY FOR SOME RIDE-HAILING DRAMA!!!๐๐ So, Geelyโs ride-hailing side hustle, CaoCao, just hit the Hong Kong Stock Exchange like a toddler with too much sugar. They raised a measly $236M, but hereโs the tea: they dropped 19% from their offer price. YIKES! ๐ฅ๐ In the world of "CaoCao, please donโt go," their market cap is now sitting pretty at $2.42B like a sad, deflated balloon at a birthday party. ๐๐ Investors are like, โthis is fineโ while their wallets are slowly weeping. ๐ธ๐ Meanwhile, Geely's probably like, โNO CAP, we thought we were making STONKS!โ ๐โก๏ธ๐ As one anonymous developer (definitely not me) said: โBro, we thought we were launching a rocket, not a paper airplane.โ ๐โ๏ธ Imagine a meme of Drake pointing at a stock chart thatโs crashing while holding a CaoCao branded water bottle ๐คฆโโ๏ธ๐ง. Itโs giving โthis company needs a whole IT crowd to sort this mess out.โ ๐ฅด๐จโ๐ป Prediction alert: By 2024, CaoCao will be the Tesla of ride-hailing or itโll be relegated to โthat one app you deleted last summer.โ โ ๏ธ๐ฅ Keep your eyes peeled, fam! Share if you feel the chaos! ๐คกโจ
