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China-based technology firm UTime Limited (UTME) conducted a blow-the-doors-off IPO earlier this month, in which its stock opened with triple-digit percentage price gains. The stock has delivered a 12x return in less than a month. So, the question is, do UTME’s financials and market prospects justify the exuberance of its IPO investors and can the stock sustain its initial upward trajectory?
Let’s look at what the company does and if it makes sense to invest in this stock right now.
