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I was by no means saying it was not run professionally, I was...

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Blackrivered

3,337 Posts.

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23/04/21

09:57

Post #: 52670969
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Originally posted by Ipo411 ↑

$10k is not much at all, I know people that were allocated far more than that on this deal. The $800k bid is relevant, I was scaled proportionately to my bid.

This IPO has been conducted professionally, just as most Morgan’s IPO’s are. It’s most appropriate ASX peers are Aussie Broadband and Pentanet, both of which have gone on to do very well on the boards. Swoop is priced even better.

I would like to think I am considered a good client of all my brokers because I never dump stock on day 1, I only sell little bits of stock into good news when there is high liquidity and I don’t sell when things are going bad. I put trades through my brokers regularly on their recommendations and my own, I get them stock in other IPO’s and I take them out to dinner.

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I was by no means saying it was not run professionally, I was alluding to the sheer size of bids vs number of bids, for a significant number a scale back to 2-5% would leave a holding too small to allocate and if the average adviser had $10k.... you do the maths . FWIW I was told there was a hard limit of $7500 anyway
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