It is actually absurd that this company managed to IPO at the valuation it did.
No surprises that it dumped almost immediately after. It is such a shame, time and time again retail investors get pumped crap like this.
That being said, not surprised they pumped to retail investors/dumb money. On average the balance of a RAIZ uses is c.$1,200. Fees at that level are $1.25 a month which is about 1.25%. These guys have just been ripping people off since inception.
IPO - Raiz Invest Limited, page-33
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Last
43.3¢ |
Change
0.003(0.58%) |
Mkt cap ! $45.43M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 43.0¢ | $23.79K | 55.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 91 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 51437 | 2 |
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| Last trade - 15.59pm 07/11/2024 (20 minute delay) ? |
| RZI (ASX) Chart |