Weedmaps started trading on the Nasdaq earlier this week and the stock soared on the listing. There was a perception among investors that after the merger, the stock invariably falls.
However, over the last month, there have been many instances when stocks have risen after the merger. SoFi, which went public through a merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings V, is a prime example. Coming back to Weedmaps, the stock was trading higher in early trading on June 17 and continued its momentum from the previous day.
View more information: https://marketrealist.com/p/weedmaps-maps-stock-forecast/