The IG grey market is a very good indicator of price.
This market was running for Royal Mail and prior to listing was indicating around 4.10.
Interestingly, the betting bookmaker markets in London were indicating 4.50.
It listed at 4.50 !!
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- Medibank Indicative price _IG markets Gray Market Chart
Medibank Indicative price _IG markets Gray Market Chart, page-2
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