Sink or swim: How will My Food Bag compare to other IPOs?

Online broker Sharesies said the 7,500 successful investors who took part in its portion of the IPO received 72% of their requested allocation. Meaning they had bid for 28% more shares than were available.

Dan Brunskill and Andy Fyers

Thu, 04 Mar 2021

My Food Bag is set to begin trading on the New Zealand stock exchange tomorrow after its initial public offer was met with strong demand, but previous IPOs have been a mixed bag.The My Food Bag offer was fully subscribed, with 242.4 million shares on issue following the IPO. While the company declined to comment on exact numbers, the offer appears to have been oversubscribed.Online broker Sharesies said the 7,500 successful investors who took part in its portion of the IPO received 72% of their requested allocation. Meaning they had bid fo...

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