Geo Energy Vs Religare Health Trust

New listings: It's a tale of two IPOs, possibly down to the spring of hope and the winter of despair. Indonesian coal play Geo Energy is up 33.8% at $0.435 from its $0.325 IPO price, while Religare Health Trust drops 8.9% to $0.82 from its $0.90 IPO price. Sias hypothesises that the key to the divergent performances may be in their respective public floats. Notes only about 25% of GEO's float is public; hence supply is very tight for Geo, whereas RHT has a huge public float, at 72% of its shares. Points out that insiders tend to be more inactive investors. But adds, it isn't sure Geo's advance can be sustained as its valuations are high. Tale of the 2 "I": Indon vs India and the 2 "R": Rupiah vs Rupee. Guess we know who is the clear winner.