munjit,
2.07 is the issue price, calculated on the announcement day based on a formula i am not going to explain right now.
No one knows what the price will do on issue.
In answer to your question, no, the SP does not default back to the issue price.
A large sell off might push the SP down.
Cheers
$2.07 new share issue offer, page-6
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |