In all fairness, Macquarie cannot be blamed for this at all. This is shareholders due diligence issue. They are willing to pay whatever for a equity based on brokers and TV fund managers comments. Numbers were already provided as part of IPO. The probability of revenue failure was high while I think more transparency would have helped or maybe not.
And now PEXA which is about to float has the same hype. Perhaps growth is stagnating there so they are rushing to float.
Once the numbers has been disclosed, we'll know who are they trying to bamboozle.
Ann: Nuix Revises FY21 Forecast Range, page-170
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$6.60 |
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Mkt cap ! $2.168B | |||
| Open | High | Low | Value | Volume |
| $6.55 | $6.73 | $6.53 | $6.262M | 949.5K |
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| No. | Vol. | Price($) |
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| 1 | 1906 | $6.55 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.63 | 6143 | 1 |
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