PLY 0.83% 59.5¢ playside studios limited

Hi all, stupid question but I'm just looking through past...

  1. 524 Posts.
    lightbulb Created with Sketch. 80
    Hi all, stupid question but I'm just looking through past announcements and I note that the company said "On listing, Playside will have approximately 366.5M shares on issue, implying a market capitalisation of $73 million at the IPO price." This was at 20cents a share.

    So now its 0.265, so its up 33% correct? Why is the market cap only 28 million?? How did the share outstanding become only 104.8 million?

    Thanks
 
watchlist Created with Sketch. Add PLY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.