broker forecasts, page-6

Credit Suisse either didn't read the announcement or deliberately chose to ignore this fact:

"The underwriters have in turn entered into sub-underwriting agreements with a broad group of institutional investors for the total number of retail shortfall shares"

This stock "overhang" seems to me to have been deliberate. The instos sub-underwriters wanted the retail entitlements.

I still suspect CS has been a shorter, thus their constant bagging of this stock. I now also suspect they didn't get to participate in the sub-underwriting (sour grapes I say).