I think you have done the right thing.
Baller18's figures confirm.
ps thanks baller18 for the maths.
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Question for those who have gone for a brokers allocation - why not just go for the general pool. My reading of the prospectus is you guys will get double scaled and I will get scaled less.
Eg. first scaled by your broker, then the brokers pool can actually be scaled as well and the prospectus advises the public pool will be scaled less than the brokers pools.
Hey guys, hae never participated in an IPO, so say If I applied for $10,000 worth of shares, got my mum to apply for $5000's worth, and there is scaling, how does it work?
Say if its scaled by 10%, does it mean both of us get scaled by 10% or only me because I'm after a larger amount? And my mum's amount doesn't get scaled
Depends - they can scale as they please and each different pool can have different scaling.. They could do a flat 10% off everyone. I think for MRP, the scaling only applied to purchases over $15k.
I expect it to be like MRP - they wont scale small M&D investors, only the bigger investors.
I've been allocated the amount I asked for... not that it was a huge amount
I'm planning on stagging Meridean.
Does anyone have any advice on stagging an ipo?? Or know of a book etc.
Is there a strategy for it? I watched the MRP and ZEL ipo's and noticed that it peaks then drops of a little bit at closing. Is there any technical analysis tools that can help determine the peak?
Craigs have confirmed they will hold my allocation until after i have read NZX reports on thurs so no pressure.