If we use similar ratios we will be looking at 1,050,000,000 shares on issue. 210,000,000 offered during IPO.
Obviously this is without consolidation.
On the previous prospectus the consolidation was approximately 70:1. That would mean there are 15,000,000 ADS shares on issue to current share holders (ASX) + 3,000,000 ADS offered at IPO.
The last IPO price was $10.50 USD per ADS. If this was achieved (I have no doubt, I expect much higher tbh) it would give us a MC of $189,000,000. That is a significant re-rate. However only a PE of 8x if we use the forward looking $25m pa revenue.
That alone would be a 500% increase roughly on last closing price.
I am expecting a similar prospectus. Someone feel free to check my maths and figures. I have listed the shares on issue at 1,050,000,000 as that would have ASX equity at 80% and NASDAQ at 20% which is the same as the last offering. I have then consolidated at 70:1 as that was the consolidation considered last time as seen in the photos (highlighted). Offering price is also highlighted.
GMV Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held