Tuesday, November 18, 2008

Co-op IPO: 70% take up

On the one hand, all subscribers will get full allocation.

On the other hand, price will be down all the way.

Poor marketing and IPO process (I had to abandon my application because the easiest I could buy some was to open a nominee account-which as you know work like a dream for brokers), adversely affected the outcome. And all the drama sorrounding Safcom and brokers didn't help.

Malawi Telcom is a contrast...


bankelele said...

Was any agency in UK facilitating the IPO, or did you try and use Nairo-broker?

MainaT said...

I always use a broker and this time I tried the same but apparently one had to almost open a new CDS