XJO - Bear Posts only (Factors which might cause the markets to fall), page-12387

"lol sure you did"

What's so difficult to understand, newbie?
CSL was one of the many IPO's I participated in in the 1990's along with thousands of other Australians.
It was the golden age of IPO's, Privatisations and demutualisations which included WOW, CBA, CSL, all the state TAB's, etc etc
Many people became wealthy as a result.

There was nothing clever about it, particularly as I worked (and still do) in the Finance industry, I participated as a matter of course.

What sets CSL apart is that it was the most successful in terms of returns (surpassing even WOW and CBA - which were also very successful IPO's)

CSL is the Australian Apple in terms of high returns over a long period.
Long story short, IPO price $2.40 (equivalent to 80c adjusted for the 3-1 split)
Total return to date 58,000%

And if you think that's good, a family member (ex-CSL employee, now retired) got an even better employee IPO offer than the public offer I participated in.