Bell Potter had to give out a lot of small parcels in the IPO to help Gallileo get the spread of shareholders it needed.It is likely it is those small parcels coming on market by mum and dad investors which are being soaked up by bigger players with more patience and wisdom .The soak might go on for a few weeks yet and all the while it does the register will be getting tighter as those shares go to sticky hands .Watch this go completely nuts in a few months time when the guys behind it decide "it's time!" and decide to give it a push .I reckon it is likely to see a $ sign in front of the share price later this year
GAL Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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