IPO - Plato Income Maximisesr Ltd, page-5

Following the listing, it is interesting to look at the unit price vs. the option price.

The unit is invested in a bank-dominated blue chip portfolio. Assuming that the ASX keeps soldiering on, bank shares keep the pace and the collection of PhDs at PL8 manage to outperform the index by 1% or 2% a year, the NTA will keep on rising - until the options are exercised at $1.10, reducing any gains in the NTA above $1.10 by 50%.

Option holders can get exposure to two years of NTA gains above $1.10 (not that much above NTA at inception) for a mere 2-odd cents.

I've sold my IPO units and bought more options.