Not sure why IPOs don't include some prop-up bids as part of the...

Not sure why IPOs don't include some prop-up bids as part of the deal.
Novos gets paid, presumably a lot, to raise capital, then on IPO there's an empty bid stack.
A small amount of the IPO proceeds (or a small amount of Novos payment if the company itself is not allowed under ASX rules to immediately buy back stock) would avoid immediate downward momentum.
$300K traded so far today - a small amount relative to the immediate loss of market cap.