why ASX?, page-12

around 125 million 10c shares were issued for the IPO if I am not mistaken ($12.5m raise)

since then, there has been a churn of around 200-220m shares

I would say it is safe to say that anybody that wanted out from IPO stock is just about done , as I would allow a good 25-50% of the churn to be traders (Especially in the first month)


@stotes @SonOfSocrates
how do we apply the churn factor thingo from our beloved LPE to this one?

funnily enough the raise was done by the same corp advisory as LPE (Armada Capital)