prices are established at the edge and in very illiquid markets, like this IPO, liquidity demands are much more influential than fundamentals. Until demand actually goes up (e.g. because the asset generates a cash flow) a small demand change by a single owner can have a significant impact on price. If you want to take advantage of this, do you fundamental analysis and place some limit orders for other people to dip into. Over time this way you can accumulate the asset at a close to undervalued price. Or make a profit from arbitraging the spread.