APX 2.24% $2.18 appen limited

Ann: Completion of institutional component of equity raising, page-3

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  1. 327 Posts.
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    Only $30m raised from institutions. Unless barrenjoey can keep the price well above $1.85 they are going to struggle to get retail investors to stump up the other $30m. Looks like there will be a big overhang and the price will languish for a while. I hadn’t realised retail owned so much of the company.
    Last edited by Ravenna23: 17/05/23
 
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