thats the main risk. not company being bad or anything. just over priced in the range. o/s instos bidding to 1.85 and above and govt setting price in this vicinity. leaves little % for stag. no meat on the bone.
what ppl dont realise is they are clamouring for this ipo for a few % stag. but if you bought ASX blue chips last week, you could get 10% profit NOW rather than wait medibank ipos. no scale back.
so ipos are for people who dont know how to trade existing listed stocks and make money(which is me included).
