i don't understand . pre-ipo this company had negative equity . ie. liabilities exceeded assets. Post ipo the pre-ipo shareholders still seem to have a big shareholding yet the ipo bailed their company out from being balance sheet insolvent. something doesn't quite smell right . am happy to be corrected?
IPO - Johns Lyng Group Limited, page-23
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$5.80 |
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Mkt cap ! $1.615B | |||
| Open | High | Low | Value | Volume |
| $5.99 | $6.01 | $5.80 | $2.265M | 384.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5464 | $5.80 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.84 | 2146 | 2 |
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