Originally Posted by
macduffy
I agree, 1leon, I've never been invited to suggest a price. But it's the parties to the bidding process, ie the brokers and other instos, who bid their prices and get allocated blocks of shares. After that, we're in their hands as to how many they allocate individual investors.
Of course, it's also in the interests of the company to ensure a healthy market for the shares once they're listed. So there is a tension between the company's interests and those of any shareholders selling into the issue. Depending on the level of their holding, post issue, they will also have a keen interest in the performance of the shares, once listed.