Do you think the Autonomix (NASDAQ: AMIX) IPO today has the potential to be the TOP IPO of 2024?
Did I make a mistake not investing pre-ipo?
Good morning all, as you grow as a trader and and network different opportunities come your way. As such a friend invested in Autonomix and told me about it a few months back and offered to get me shares pre-ipo.
I thanked the friend for the heads up and offer but wasn’t ready to commit pre-ipo. But I liked the company and made a mental note to consider buying it after the IPO comes out.
Well that time is now. Autonomix lists today as $AMIX on Nasdaq.
My observations
Super low float - has potential for demand to exceed supply
$AMIX has the SAME management team as $SOLY that got bought out by ABBV 0.00%↑ for $600m. Same team is back together likely shooting for a buyout by BSX 0.00%↑ or MDT 0.00%↑
Entering the $100b pain management market as its first market
Autonomix is a potential buyout target by $BSX & $MDT with both spending billions a year on pain management solutions
Same underwriter as $KSCP that hit $21.40 during its IPO.
Has over 100 patents and revolutionary nerve sensing technology.
$AMIX lead scientist is very accomplished and has previously sold a device to $BSX which brings them $1 BILLION in revenue a year.
Initially targeting pancreatic cancer pain and hopeful to not only cure pain in patients but a bi-product could also be increasing life expectancy of cancer patients by controlling de habilitating symptoms and pain.
Nerve sensing tech is revolutionary. A generational change in tech imho and can be used for as a FULL BODY nerve pain sensing platform.
Completed animal trials and plans pivotal human trials at the beginning of Q2 2024
Has a little over 1 year cash runway raised to execute its business plans
Conclusion
I love the management team. I think they are investor friendly and have a track record of developing tech and getting bought out.
I think the technology is unique and has interesting potential well beyond pain management.
My intention is to scalp it 2 or 3 times this year and use the profits to take a positional stake for a possible monster payout at a buyout in 1 to 3 years.
If you’ve traded biotech before you know these can be roller coaster stocks with significant risk. So do your own due diligence and let me know what you think.
Can $AMIX be the top biotech ipo stock of the year?
** This is not a recommendation to buy or sell $AMIX. Please do your own due diligence and if you see or find anything inaccurate in this post, let me know so I can correct.