Not to state the obvious, but you would participate if you wanted to be an investor after they delist and remain influential when semi-private. I.e PE play, but you get the bonus of diluting others influence in the process and cut out a decent amount of paperwork. It’s expensive to be listed if the markets are not resonating with your business model, a PE play will lean it out. I think we will see more of these type of plays but listed companies.
Ann: Capital raising, voluntary delisting application & buyback, page-6
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