I always get worried when everyone is going into an IPO. Talking about downside risk here.
The price prediction survey on this thread is also interesting . Based on about 20 predictions there is a large chunk in the $1.75 to $1.90 range and a not insignificant group predicting $2.00 and over.
In short, could be an indicator of a price surprise on listing ? The bookmaker betting markets in UK certainly pointed to a price surprise for Royal Mail which I stupidly ignored as mad punters pre the IPO !
I believe that Australia is the most profitable country for BUPA and also they only hold 10 percent of the UK market . Very few countries do not age weight their health premiums . Main ones being Holland and I also think Canada like Australia. The overseas Insto's might like this storey and if so, then pricing could also surprise on the upside ?
