Hi Chris.
ARU keep the U at Nolans, NUP get everything else, ie Lagoons, Lucy and Aileron Basin.
Lagoon came up with very promising results today, so yes, NUP do have U.
BTW its not an IPO, you can not buy in before NUP lists now, its too late. Watch on listing day, next week sometime, and try and pick some up on market.
Norm has 500k for sale at $1.00...
Cheers TCG