My Food Bag in a $37 billion market .... and their sales are just under $200m
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My Food Bag in a $37 billion market .... and their sales are just under $200m
Talk up the hype - got to get the retail crowd out there to not only take the stock but buy more on listing!
Yes, it seems it may have been over-subscribed. I have been scaled back about 15% on requested allocation.
Good that that they deferred their advertising spend too - eh .. ;)
perhaps if we get Ogg in here 300 may be possible .. ;)
wonder if there's a possibility of merging it with RBD ? ;)
it would have to be a fast in & out though .. wouldn't want get left holding the bag
.. that may be worse than getting QEXED ..:)
I've been torn on this... greed reared its head when I heard about the scaling... thankfully my better half has talked me down.
Screw this IPO. The economics and growth are sh*t.
It'll be over-subscribed, but the after-market is crummy. The instos won't be there (or shouldn't be there if they are).
I'm out - better places to punt into... like cash or red wine. At least I'll enjoy the avoided loss on holding cash... and the hangover on the pinot will be far more pleasurable (and that says alot when you're drinking it by the case).
As an aside, I do wonder how the rest of NZ private equity and the NZX feels about this. The former should be pissed as may limit their exit optionality if it all goes pear shaped... as for the latter, they're just desperate.