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Medibank Prospectus Details, page-116

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cerhob

18,561 Posts.

21/10/14

23:09

Post #: 14159599
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Originally posted by Katavi ↑

Worth noting that according to prospectus that JLM's can take back up to 20 percent of broker firm allocations during the pricing period.
This means you may be allocated say $100k on broker firm and then during the insto pricing period they decide to claw back 20 percent of broker firm.
You then end up with $80 k.
Not the end of the world but worth considering when you submit your broker firm bids.

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Is that part of the "Greenshoe" option? Would they do that to support the price if it was looking to be too low?
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