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4 IPOs oversubscribed up to 82 times despite volatility
The Morning Standard
|December 22, 2023
DESPITE volatility in the stock market, demand for public issues remained robust as all the four initial public offerings (IPOS) whose subscription period ended on Thursday were oversubscribed multiple times.
While the IPO of Credo Brands Market Limited was subscribed 52 times, the initial offering of Happy Forging Limited was booked 82 times on the final day of bidding.
Not only overbooked, the two IPOs are commanding a premium of 45-50% in the grey market, indicating strong listing gains.
Dit verhaal komt uit de December 22, 2023-editie van The Morning Standard.
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