I agree with your comments but I also think it’s relative to...

I agree with your comments but I also think it’s relative to what commodity or market you are dabbling in. Chinese trade, Medicinal, EV, AI, lithium and graphite are all example bubbles of demand of late with majority of IPOs in these sectors striking significant short term growth. Although oversubscription is not a definitive indicator of price rise, when the oversubscription is the result of heavily weighted institutional investors rather than retail investors, this is what makes me excited and from discussions with keytone stakeholders, we are playing with a large proportion of institutional money!

It’s an ambitious move to raise the price of the offer and I don’t think they would ever exercise it, still makes for an interesting debate