Macquarie and Morgans brokers have received their allocations and have advised their clients a dollar amount (around 66%-80% allocations). Its a dollar allocation and will confirm how many shares when the price is set after the book build next week.
Some guys i spoke to who bid decent amounts ($100k +) were offered around 70-80% allocation.
The only thing that I'm concerned is that if they are offering these high allocations that can't be a good thing.
As we all know the really good ipo's it's very difficult to get a decent allocation.
Cornerstone investors have bidded for around $1.7b but highly likely at the low end of the price range.
Sounds like they're trying to squeeze the insto's to force up the final bookbuild price.
Are they trying to screw retail (inc soph. inv) as they will be paying the final price whatever it is?
Just a thought. Any comments nani, perterdoobes, dimaz etc ?
