No the underwriters will sell at whatever they can get. They will sell at a loss since they make it up on their fees. Yes they will try to offload them to some bagholder at a profit, but if they can't they will sell at whatever then can get.
I don't think I have ever seen a poorly taken up underwritten rights issue where the SP doesn't drift back under the issue price. If you think AXP is a good buy now then just wait.
Ann: AirXpanders announces raising of approximately A$20.3m, page-8
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.684M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $2.276K | 2.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 36646903 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 82664099 | 41 |
View Market Depth
| Last trade - 11.04am 25/07/2025 (20 minute delay) ? |
| AXP (ASX) Chart |