in case you aren't aware, Morgans have been absolutely killing it in the IPO market as of late - probably the strongest support for IPOs comes from them
recent killers that I remember (there are more!):
PWH - up 80% stag or so in a day
MP1 - up 150% stag in a couple of days
today we have:
11.00am MTO - Motorcycle holdings, seems to have some mutual management with the recent success PWH
priced at $2, Brokers received 10% of their bids, meaning it was well and truly oversubscribed
12.00pm RWC - Reliance Worldwide one of the most anticipated IPOs of the year, heavily oversubscribed and supposedly instos who didn't get their fill will pay up to $3 (this was also the case for Morgan's MP1 and it wiped through $3 comfortably)
