I did not apply for this IPO. The public offer of 2000 lots was just too small. The chances of getting allotted some units is likely to be low. In addition to this, if one is only allotted 1 or 2 lots, he will have problems selling. The IPO price was a $0.25. Selling 1 lot will incur a commission of about 10%!
The balloting results showed that there was only a 8-16% chance of being allotted units. if you applied for less than 50 lots and are allotted units, you will only be allotted 1 lot. Unless the opening price of soilbuild opens high, some share holders may find themselves stuck with their allotted shares.
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