IPO there should be hyped up, so I expect to be a very significant premium to the current SP. probably a run up in price here in the lead up, and a spike on speculation/confirmation of the ipo price.
Will likely be a 20:1 bundle of Aussie shares, so at current price about $5 aud ($3.30USD), but I would not be surprised to see it priced at between 2 and 4 times that when annoucned.
Time will tell.
Ann: Nova Completes Bridge Funding, page-16
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