An expensive online retail IPO doubled on debut, another ‘‘edtech’’ ran a snap IPO bookbuild and closed it six times oversubscribed within hours, and battler-turned-darling Marley Spoon joined the raisers.
The bears will not sleep tonight.
Well, we have another one for the bears. We look at the insiders selling out of market darling tech names, and find more than $1 billion in shares has been sold by founders, early-stage investors and the like in the past three months.
What’s more, these trades are all flying out the door and not really affecting share prices.
It's bid day up in Gladstone where Royal Dutch Shell is, cap in hand, awaiting $3 billion-plus offers for a stake in its Queensland Curtis LNG project.
