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0.00% 0.4¢ gefen international a.i. ltd

Ann: Gefen lists on ASX following oversubscribed A$25m IPO, page-11

  1. blackpearl21
    647 Posts.
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    21/07/21
    15:31
    Post #: 54664822
    My assumption might be wrong so please help me with logic.
    25Mill at $1 = 25 million share on float.
    Almost 90% owned by top 20 with is 22.5 Mill.
    only 2.5 million for the 10% retailers. 1.4 million traded today so far.
    That means 60% retailer participating from IPO has sold out with loss.
    GFN Price at posting: 81.5¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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