Yep, this. Most companies have an institutional placement which makes up anywhere from 70-80% of a cap raise. Imagine if RAC only asked for $6m of investors, got $45m and scaled everyone back 87%. Because that is the standard.
I got 50% of my application, same as many others so don't @ me
Ann: Race raises $29.7 million in oversubscribed SPP, page-141
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Last
$1.58 |
Change
0.055(3.62%) |
Mkt cap ! $268.4M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.61 | $1.56 | $106.0K | 67.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 649 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 3000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |