AGN 3.66% 79.0¢ argenica therapeutics limited

Ann: Argenica Successfully Completes $12.0m Placement, page-23

  1. 3,158 Posts.
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    Oh I love heuristics, allow me another:

    The Placement will involve the issue of xxx new fully paid ordinary shares (“Shares”) at an issue price

    of A$2.05 per share, equal to the volume weighted average market price of the Company’s Shares on the

    ASX during the 15 trading days up to and including 27 February 2024.


    I think it's different for each company and its stage. and widely different products/industries.
    I cant but help think that that retail investors might have grabbed share at a smaller discount - as demonstrated by 10% discount yesterday after the placement.
 
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