RE: Ordinary investors v institutional investor's!16 Apr 2021 19:00
Dersack, I’m trying to catch up reading all the posts today, but my first thought was the same as yours. PI’s could have bought in around the mid 40’s a few weeks ago. Can’t believe some people are moaning they’ve been left out!
I remember when fund raises used to be open for 2+ weeks and would be undersubscribed. The SP would always decline to the subscription price, then struggle to recover.
This is the highest PPS fundraise I can recall and was done quickly with little discount. Seems like shrewd business to me