As a local I get a guaranteed $10k worth (3,846 shares). It will be interesting to see what scaling is applied to the extra $$ that I applied for.
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Taken up some (indirectly) but its with a mindset of somewhere to park some cash and hold longer term with not a lot of conviction or $pine ca t ching thrills.
Although it prob will trade well initially as ASB have also said it was heavily scaled back , sought after.
ASB only got 5% of what they requested btw.
Minimum was 2500 shares I believe (for non local), so if you were with, say ASB (and not a local or employee etc), you would need to have bid for 50,000 shares at $2.60 worth in order to get 2500 shares...
I wish I had known this and I would have added a few 0's to my bid
Shows how desperate the market is for decent listings, or any listings.
Plenty of money sloshing around looking for a home but so few opportunities. Napier ports looks like a setup for a stag on disappointed buyers ramping the SP on IPO. If you can get some early on market, but who’s selling?
This one we can put down to entertainment value, pour a beer, pop some corns and enjoy the show.