Originally posted by Dutchie9191
Some relevant literature to the issue being discussed re: allocations guidelines (or lack thereof). Not specific to this listing ( no lead manager after all) but for general reference in Australia
https://www.gtlaw.com.au/insights/asics-report-605-allocations-equity-capital-transactions
Yup. General reference.
Ecofibre hired no broker, lead manager, there was no “book building” (which is the wholesale underwriting process usually taken by syndicates of several brokerages to get a feel for the market prior to pricing an IPO).
So no offense, but as you point out, this article has NOTHING to do with the present issue, and is as valid as Andy’s Merrill example: it is a fallacious comparison.
Off track. Irrelevant.
Ecofibre equity is the property of the current owners until float day. They did not hire underwriters, thus I must question why you would post that beyond educating the noobs.
