Parkway REIT debuts below IPO price

(Source: Today Newspaper dated 24 Aug 2007)

I believed those who received the shares through balloting must be wondering if they are 'lucky' to get it because they could have bought the shares at a cheaper price from the open market on its debut. If a 'stable and bluechip' REIT also opens below the debut price, i doubt underwriters will dare to bring any BIG float ipo to the market in the short term. More likely smallish IPOs will be used to test the market sentiment first as it is easier to place out and 'control' the smaller float.

I guess i can take a 'prolonged' holiday in the meantime...