Depends, I think a few have already pointed to outcome 1) if they have to sell on-market, yes could fall but 2) if the first part was oversubscribed and/or they have some clients interested they can do it off-market.
There business is underwriting not investing, let alone happy to tie up capital, so they will want to offload asap.
Ann: Lynas Successfully Completes Retail Entitlement Offer, page-22
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$5.95 |
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Mkt cap ! $5.561B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $6.00 | $5.93 | $10.85M | 1.822M |
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| No. | Vol. | Price($) |
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| 2 | 19331 | $5.95 |
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|---|---|---|
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