The ipo price can be anywhere within 10% of the 5 day vwap at the time of listing, i'm pretty sure, so it quite possibly wont be at a higher price. Also considering the volume on offer on the asx at the moment, I'd guess it would be almost impossible for them to get their fill on the asx. You would think/hope Roth is getting investors with deep pockets involved. Lets say you want 40,000 ADS, at the current price of $10 is $400k. so not unreasonable to assume. Thats 1mil IHL shares. We only trade 7mil shares today and theres only 1.8mil on offer currently. It becomes pretty tricky to buy large volumes without drastically changing the sp. So possibly there will even still be interest at the $10 mark due to this. Its also possible the PA from today is because they know the price will be $10 so already trying to get what they can with large sells. We wont know until we know at the end of the day, just have to accept we are in good hands and let it play out
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