Good point. Which AU Investment Bank underwrote the float? IBs always let their friends in at a lower price so they can flip when trading starts. In this case i

Good point. Which AU Investment Bank underwrote the float? IBs always let their friends in at a lower price so they can flip when trading starts. In this case it was float at 2.20, so they would have mates in at say 1.50. IB spreads the risk a little, and IB mates make a quick little earner...