Only $5.25mill of the $15mill on offer were subscribed for the Burger Fuel IPO. The founders have split the difference to make it to the $8mill minimum listing requirement.
Compare for a minute the Burger Fuel and Xero IPO’s. Xero’s was traditional and professional, BF’s quirky and novel.
Sorry guys but young, hip, vibrant gen y-ers don’t general invest in IPO’s. It’s the Ma and Pa investors (not to mention the investment firms) that you want to get onside. Xero didn’t, BF did – to (mis)quote Mchael Cullen – “they won, you lost. Eat that……with fries?”