Seebeks Corp. IPO - What You Need to Know

Hey there! Thinking about investing in Seebeks Corp.’s IPO? Let’s break down what you need to know in plain English.

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1. What does Seebeks Corp. do?

Seebeks makes smart home gadgets and apps that let you control lights, thermostats, security cameras, and appliances from your phone. Think "tap your screen to turn off the porch light" or "ask Alexa to preheat the oven."

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2. How do they make money?

• The plan: Sell devices and charge monthly fees for premium features (like extra cloud storage).
• The reality: They’ve made $0 so far. This IPO is their lifeline to start production.

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3. What will they do with the IPO cash?

• Build their first products (no factories exist yet).
• Try to expand beyond Spain (their only market for now).
• Critical note: If they don’t sell at least 2.5 million shares (25%) and raise $30,000, they’ll need emergency funding immediately.

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4. What’s risky about this investment?

• No safety net: Zero revenue. If sales don’t take off fast, they shut down.
• One-person show: CEO Roman Chystiakov works part-time (30 hrs/week) with no public company experience. No backup leadership exists.
• Spain-or-bust: All operations are in Spain. Economic downturns or regulation changes could sink them.
• Tech risks: Their app might crash under heavy use (like a Ticketmaster meltdown).
• Stock scams: The filing warns about risks like “pump-and-dump” schemes and fake news.
• No oversight: No bank or advisor checked their IPO numbers.
• CEO stock dump: Roman owns 20% of shares and could sell everything in 1 year, crashing the stock price.

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5. How do they compare to competitors?

• Claimed advantage: Cheaper than Nest and more private than Amazon.
• Reality check: They’re competing with Apple/Google with no products, revenue, or full-time CEO.

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6. Who’s in charge?

• CEO Roman Chystiakov: The only executive. Works part-time while juggling other jobs.
• No safety net: If Roman leaves, the company likely collapses.
• Total control: Roman keeps all decision-making power post-IPO. Shareholders get no say.

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7. Stock details

• Where to buy: NASDAQ (ticker: SEBK).
• IPO price: $20–$25 per share.
• Valuation: Up to $2.3 billion if priced at $25 (extremely high for a company with no sales).

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The Bottom Line

Seebeks is like a Kickstarter campaign going public. Extremely high risk: No revenue, untested leadership, and all-in on Spain. The CEO could bail in a year and tank the stock. Only invest money you’re okay losing entirely.

Not financial advice! Talk to a financial advisor if you’re unsure. 😊

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