Wow mate you love to flaunt your ignorance on here dont you.
1. USA listed follow on offerings are routinely done at a discount (see extract below)
2. When did you last see an ASX listed raise of any meaningful size that was not accompanied by a TH -
God help any entity that you are auditingHow a Follow-on Offering (FPO) Works
An initial public offering (IPO) bases its price on the health and performance of the company, and the price the company hopes to achieve per share during the initial offering. The pricing of a follow-on offering is market-driven. Since the stock is already publicly-traded, investors have a chance to value the company before buying.
The price of follow-on shares is usually at a discount to the current, closing market price.
Ann: Pause in Trading, page-12
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Last
47.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.73M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 48.0¢ | 46.5¢ | $30.70K | 65.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10682 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 2761 | 1 |
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