ASX 1.68% $63.41 asx limited

The beneficiaries are NOT releasing stock - that puts a tight...

  1. 2,961 Posts.
    The beneficiaries are NOT releasing stock - that puts a tight squeese on the number of available IPO ( Public) and insto shares available for the float.

    ie/ they are not selling baby.

    The IPO will close prob today - as their will be lots of cash chasing too few shares.

    This will also have an effect on the listing price as the illiquidity of the shares and the sharks ( Briely and tabcorp + PBL will be very keen to garner a stake for a possible futute takeover.

    -> and not forgetting index funds when Tat's joinst the ASX 200 on listing.


    singas
 
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