CBL Insurance IPO by UBS, page-43

Yep, my source was spot on with the book build price as well.NZ$1.55 I believe that this may do well now.


CBL initial public offering priced at $NZ1.55 a share
Sep 17 2015 at 2:21 PM Updated 11 mins ago Sarah Thompson , Anthony Macdonald , Jake Mitchell

New Zealand-based CBL Corporation's initial public offering has been priced at $NZ1.55 a share.
CBL Corporation's initial public offering has been priced at $NZ1.55 a share.
The offer range was $NZ1.45 to $1.85.
The book was supposed to have closed on Thursday at at 3 (AEST), but at 2pm (AEST) investors were told the book was covered through the bottom quarter of the price range, with a number of large accounts still to come in.
CBL, which is based in New Zealand, is seeking to raise up to NZ$132 million from investors as part of a dual-public listing next month. UBS and Forsyth Barr are the joint lead managers on the IPO.
CBL is a global provider of speciality insurance products with a core focus on underwriting profitability.