FredBloggs wrote:Dod101 wrote:I have just applied via ATS. It seems to have worked like clockwork. I also have an account with II but having read the above I did not even try.
I would imagine it will be very popular so I hope I do not get scaled back.
I am expecting early closure. Less fuss and work for them than a scale down, IMO.
Who would close it early? The broker, the underwriter or the issuer?
Seems to me the issuer would more likely either scale back the allocations (to ensure a broader investor base) or increase the size of the issue (as long as they believe they can invest it successfully).
The managers get paid as a percentage of AUM, and a larger pool of funds is no more work to manage than a small one.