The word on the street prior to George Soros' involvement in Nine was that it was a little too easy to get an allocation in the IPO

Tom McKay

The word on the street prior to George Soros' involvement in Nine was that it was a little too easy to get an allocation in the IPO. Sources have told me the allocations to retail books had been very large indicating there was less interest from the Instos (although we know Airlie Funds Management, Perpetual Ltd, Colonial First State, AMP Ltd, BT Group and Infinity all took allocations in the end). It will be fascinating to see the impact that the Economic Terrorist has on Nine's shares... we can only presume he'll move the market during his entry... and his exit.


About this contributor

Tom McKay

Tom McKay

Managing Director and Co-Founder, Livewire

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

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