DeAmO at 06h39
28
Jan
2011
The Finance Company (TFC) IPO oversubscribed??
The TFC IPO even after four trading days (i.e. 26th Jan) since opening had only attracted applications for less than 65% of the forty million ordinary shares on offer.
But suddenly, by yesterday (27th Jan) the issue is supposedly oversubscribed. Balance 35% and possibly more were applied for within ONE DAY!!
This strikes me quite odd... Is this due to profit taking by investors over the last few days?
The TFC IPO even after four trading days (i.e. 26th Jan) since opening had only attracted applications for less than 65% of the forty million ordinary shares on offer.
But suddenly, by yesterday (27th Jan) the issue is supposedly oversubscribed. Balance 35% and possibly more were applied for within ONE DAY!!
This strikes me quite odd... Is this due to profit taking by investors over the last few days?
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28/01/2011 at 06h39 by "DeAmO"






