FGL 2.17% 4.7¢ frugl group limited

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    lightbulb Created with Sketch. 63
    Interestingly, both NOR and ZIP experienced reductions consistent with WGL upon app launch before recovering to new highs, as shown below.

    ZIP

    App launch - 22 June 2015
    Price at launch - $1.05, MC - $110M
    Subsequent Low price - 70c, MC - $73.5M
    Subsequent High price - $1.42, MC - $150M.
    Reduction from launch date to low - 33%

    NOR

    App launch - 31 July 2015
    Price at launch - 3.2c, MC - $30M
    Subsequent Low price - 1.9c, MC - $17.7M
    Subsequent High price - 16.5c MC - $150M.
    Reduction from launch date to low - 40.6%

    WGL

    App launch - 2 Nov 2016
    Price at launch - 4.7c, MC - $36.6M
    Subsequent Low price - 3.2c, MC - $24.96M
    Reduction from launch date - 31.91%

    Not to say this will play out for WGL but does give some perspective. Also, not to say WGL will go to $150M cap like the others but if achieved would be a price of around 19c.
 
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