Marcus Padley was on his usual spot with John Faine ABC...

Marcus Padley was on his usual spot with John Faine ABC Melbourne today.

He said the float looked good subject to more details. He concluded by saying that private IPOs tend to loot the buyers and government IPOs tend to loot the taxpayers, so that' s a good sign.

I think he said "loot" - Faine sarcastically thanked him for his "choice of words" so maybe I misheard