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04:50
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Originally posted by Newrotothis
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It's not the price of 20c that's relevant, it's the market cap. Would you sell 58m shares of your company to raise $7m when you could only have sold 30m. Or alternatively you could have raised $15m. The point is, the bank has not undervalued the listing by 500%, and the management have not agreed to give away part of their business for 1/5th of what it's worth 3 weeks later. IPO's can double, as it has, or even 150%... To reward the initial investor for taking the risk. My point is to pump the stock to be worth $1 before new news comes out is the waste of your time. And as I state, I work in London and have no knowledge of ASX IPO process.
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My view is that it will go well over $1, or $2
