Exactly what ZIP management did to make sure the market will be re-rating Zip and sp should reflect reasonable valuation.
As Mr Diamond and Peter Gray, Zip's other co-founder, explained on the call, the board thought Zip's share price was undervalued when it considered funding options for the deal - so was cautious about raising capital at a discount via an institutional placement.Instead, it used a structure involving convertible notes and warrants where funding could be raised at a premium.
Exactly what ZIP management did to make sure the market will be...
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Last
$2.75 |
Change
-0.040(1.43%) |
Mkt cap ! $3.590B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.85 | $2.72 | $32.47M | 11.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39955 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.76 | 144889 | 6 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |