Adairs.........IPO, page-60

A bit more info on this. Blundy apparently allocated $35.6 Mil to his Chairman's List / Priority people not $30 as was mentioned in the AFR article below . Retail got 5 to 10% mostly some  lucky ones got 15 - 20%. Instos are scaled back as well and they will be buyers prior to open. If you remove Blundy's $35+ Mil and Instos $140+ Mil not much left on the sell side is it! apparently less than $20.4 mil for S708's and Retail in the end! I was told again that don't be shocked to see a decent $3 in the front on listing ( remember i posted prior to SLC listing that they are expecting to see a $2 in the front, this news came from the same source ), but as always Market decides on the day. Its great to see quality plays like SLC and GTY fought back today and won't be too long before they go way higher than the first day. It happens with all the quality floats, after the first 2 or 3 days, they take off, as sell side dies down and Instos enter. Blundy is very similar to Slattery and they both have Singapore Base both used Morgans etc. Adair apparently has top quality funds backing it ( who is who of High end big funds, who normally wouldn't invest in small raisings like this one ) and they will be doing the same prior to open in the secondary market. So far on this forum our expectations for a stag range between 10 to 30% Plus. Its next Wed at most likely 11AM, I was informed, so lets see how this stacks up verses SLC. No wonder most of Morgan's Guys got 5% etc. Apparently like in SLC, people would be discouraged to dump straight on open by Morgans. All this news is as of 10PM Friday the 12th June. Cheers.
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Elsewhere, Adairs is understood to have set aside $30 million worth of shares for BBRC founder Brett Blundy and his mates as part of the float's chairman's list. Adairs brokers Goldman Sachs and UBS opened the books on Adairs' institutional raising on Wednesday night, telling fund managers the book was already covered at the middle of the range.It's understood the institutional offer will be worth about $130 million, with $30 million set aside for the chairman's list and another $30 million to be sold through retail broker Morgans.
Allocations are expected on Thursday and Adairs is due to lodge its prospectus on Friday.