Nick Motteram, previously with UBS & JPMorgan Investment Banking, now with the On-Market BookBuilds team comments on the 'Freelancer Frenzy' and the Aussie IPO...

Nick Motteram, previously with UBS & JPMorgan Investment Banking, now with the On-Market BookBuilds team comments on the 'Freelancer Frenzy' and the Aussie IPO revival...He said there had been a lot of positive talk about the upcoming initial public offering (IPO).But he said a 400% surge on a trade debut might indicate the company had been mispriced. That being said, given the deal was only sold to a select few, including staff, the intention may have been to look after these investors and generate strong market interest, Mr Motteram said.The shares traded lower during the day as shareholders took profits and ended the day at A$1.60. More here: (VIEW LINK)