Many readers will know my take on this APTT IPO and its prospects. To be honest i am a bit bias, and you can read most of the rants here (with sub links).

The IPO was very well received and who can blame them when they are being touted as very high yielding.

Over allocation for high networth investors

Macquarie chose to allocate the investors who bided large amounts (> 500 lots) with 70% of their allocations and leaving next to zero for the small ones.

Well that turn out to be well for the small investor because it is currently languishing at 91 cents, 6 cents lower than their IPO price of 97 cents. There is no CRT kind of  explosive first day move.

Comprehensive Analysis on APTT

Still, it is this kind of what i would term “strategic engineering” that make you wonder whether they should focus on ...