From AFR today.. I felt that their FY16 forecast isn't realistic...

From AFR today.. I felt that their FY16 forecast isn't realistic in my opinion. They've also recently embarked on a massive advertising spree through websites like Groupon offering discounts to their prepaid offering. I suspect they did this to make sure they can meet the FY15 numbers. This exercise doesn't come cheap and most definitely put more pressure on their customer acquisition cost and their FY16 numbers.

I'm not in this one as I don't have confidence on their numbers plus the demand is so-so.

Goldman Sachs, Macquarie lock in backers for amaysim float

Investment banks Goldman Sachs and Macquarie Capital are expected to undewrite amaysim's $220 million initial public offering as early as Wednesday after locking in about a dozen funds to cornerstone the telco company's float.
With equity markets shaking and the initial public offering window threatening to close, amaysim's owners and advisers switched the float's marketing path and called for cornerstone bids on Tuesday afternoon as revealed by Street Talk Online.
The deal, which brought back memories of the flurry of cornerstoned floats from late 2013, will see amaysim list with about a $320 million market capitalisation next month.
It's understood the brokers found buyers at 15.8-times forecast 2016 financial year profit or $1.80 a share. Sources said Colonial First State and Regal Funds Management were among the cornerstone backers, while there were also a couple of industry superannuation funds including AustralianSuper in the club deal.   
It's understood the price was at the lower end of vendor expectations, however, you would think the owners must be feeling comfortable with their decision to lock in the listing given market conditions.
Amaysim's three founder shareholders are expected to account for about 30 per cent of the listed company, having sold about half of their shares at the IPO. It's understood amaysim's financial investors cleared out altogether.
Having cornerstoned the deal, broker attention is expected to turn to retail investors with up to $30 million of stock expected to be sold through the retail channels.
Investec and Reunion Capital Partners advised amaysim, while Macquarie Capital and Goldman Sachs were joint lead managers.
Amaysim is Australia's largest mobile service reseller with about 700,000 customers.
Fund managers are waiting to see whether other ASX-hopefuls will go down the cornerstone route to secure their own listings. Pepper Group is expected to targeted such a deal, while others in the market include Costa Group and Murray Goulburn.