IPH 1.81% $5.06 iph limited

If the scale back was around 50% why was the deal sealed at $5 -...

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  1. 5,275 Posts.
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    If the scale back was around 50% why was the deal sealed at $5 - I.e. the low end of the range? It seems odd for a book build to be oversubscribed by 100% and yet the sale price being the lowest point of the range.
 
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