Madara Cosmetics

Why I'm not investing in Madara Cosmetics (MDRAUC)

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MADARA Cosmetics also known as MADARA, is a Latvian manufacturer of organic skin care products. The ingredients include biologically certified blossoms and herbal extracts from the Baltic region. Since October 17, 2017, there is an ongoing IPO for Madara stocks on First North Baltic Share List. IPO will end on November 3rd. Also, there is a small hype with this IPO in Latvia and seems after this IPO will end, it will attract a lot of new first time investors to the Baltic stock exchange (…