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clock Created with Sketch. 15/11/14
22:19
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Originally posted by swoosh30
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I don't think there is any chance for this to go to $2.5 on day one...this will represent a ridiculous mulitple (very expensive stock for what it is) and will be atleast a 20-25% more than the issue price. I honestly can't see institutionals paying that much....they can wait a good week or two (or a month) and it should be at around 2.0-2.2 at best...therefore, I have to ask- why would they all buy at day one?
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swoosh - the government has been very clever in making sure institutions do no underbid."The process aims at discovering the highest price at which all the shares can be sold, and institutions that have lodged bids below the final price are not allocated shares" Here
Last edited by
cerhob :
15/11/14
