Yep but he says the company at the time was trading one-fifth of $1.8B, so $360M
It was a crappy loan shark deal for $150M and the company's MC was $360M
So you can't blame CS for raising capital after Zip's MC got up to $1.8B. I would be pissed if they let it go back down and then raise under $1. I still hoped they would have waited until $2+ and after FY results next month.
We now raised $267M when the entire market cap at the time of the deal was $360M. Imagine telling us at the time we needed to raise $267M at a market cap of $360Mlol
$3 SOON, page-496
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Last
$2.23 |
Change
0.070(3.24%) |
Mkt cap ! $2.894B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.26 | $2.12 | $39.40M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55449 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 136951 | 4 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |