MAM 2.86% 54.0¢ microequities asset management group limited

Down on the IPO price

  1. 844 Posts.
    lightbulb Created with Sketch. 118
    Can anyone tell me the logic of choosing to go into an IPO, and then sell for a loss on day 1?
    Were they only in there for a stag profit and if that didn't happen they decided to close the bet?
 
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