@upthecreekyetagain wrote:
@lost.parrot wrote:
Actually they do.
Issuers look for the best possible return. Had that been a commercial entity issuing they would have been in litigation with the underwriters by now. Because it's the government looking at other factors, and it's public money, and elections are only just over a year away, it's different. They weren't that interested in return, other than to set it substantially low in order to let a few snouts in the trough. Other than that the money from the issue wasn't important, which is the opposite of what normal issues are about
Twitter shares are trading at 80% above their initial offer price
Now more than double - the premium on RM shares doesn't look quite as bad now
