On Monday, Poet will suddenly become an investable stock for many.  This gives the opportunity for  IPO like trading activity. While I have no idea what will truly happen, I like to use this lens to make my guesses.   

There are differences between opening on the Nasdaq tomorrow from a true IPO, these mainly being there is no organized dealer sydicate  promoting it to investors nor is there a book of newly minted  shares to sell. One similarity is that there are  early investor shares, some of which may be available for this liquidity event. Also, the press coming out of OFC has been strongly positive, filling in the promotional void to an IPO. I like to think the lack of confirmed supply somewhat  offsets the lack of a coordinated syndicate, and so the share price could well perform in IPO fashion. That is why I would not be surprised for the share to end up around 40% on the day, around $17 Cad.

Comparisons can also be made with the market caps of Rockley and Lightwave Logic. These imply prices of $20  and $34 Cad. These values are based on no revenues and could form  mid-term targets. If, (when) revenues increase, valuations can get larger by multiples.