From what i heard the ECS deal didn't go wide and was offered by two lead brokers and it closed within a day. Due to demand clients received only around 20% of their bids. The deal has been known for a while as it's an RTO through AYG. All the updates have been made publicly available on AYG announcements. There will also be several strategic and cornerstone investors therefore the allocations from the brokers were much smaller.
OM and Raisebook had the offer for spread purposes only and it closed very quickly with a few hours. You will be lucky to get $2k-$3k per application.
I think it will do well when it lists. ECS has an EV of less than $14m, it's in a very hot sector and there are only a handful of industrial hemp companies listed on the ASX. It's very tight with only a 40% free float and all preIPO and seed shares are all in escrow. Good luck to all shareholders
