Atomo Diagnostics IPO massively oversubscribed

Looks like the IPO market is full steam ahead.

Atomo is raising $30 mil and is massively oversubscribed with scalebacks to 25% of bids.

Prospectus was out yesterday. Listing 16th April.

As a side note the Microba ipo is also full steam ahead and they are also raising $30 mil and are also massively oversubscribed and the prospectus isn't even out yet.

Punters are scrambling for new stock in a starved IPO market. Can't get a return on money in the bank so it has to go somewhere.