RE: ASX IPO oversubscribed?15 Jun 2025 09:25
When a stock is oversubscribed at the midpoint of its price range, it means demand from investors exceeds the available shares at the price range's midpoint. This indicates strong investor interest and can be a positive sign for the company issuing the securities.
Basically interest outstrips the volume of shares available,
How high will the SP go... I know that SD was concerned about a spike, quite rightly it seems, everyone wants in on GGP, and why wouldn't they, it's only just the beginning! (For Australian investors anyhow)