Sources: Firmus plans to allocate ~50% of its IPO shares to existing holders, as investor demand far exceeds the offer size in one of Australia's largest IPOs (Bloomberg)
Firmus is steering about half its IPO allocation to current shareholders despite demand already outstripping supply.
Bloomberg’s item says Firmus Grid Ltd. plans to reserve roughly 50% of the shares in its initial public offering for existing holders. Investor interest is described as well above the offer size. Techmeme frames it as one of Australia’s largest IPOs, with more coverage from the Australian Financial Review and Superpower Daily. Techmeme's note
Bloomberg’s item says Firmus Grid Ltd. plans to reserve roughly 50% of the shares in its initial public offering for existing holders. Investor interest is described as well above the offer size. Techmeme frames it as one of Australia’s largest IPOs, with more coverage from the Australian Financial Review and Superpower Daily. Techmeme's note
score 6