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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
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.
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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