"Happens a lot."
It certainly does.
To be fair to ABB, they're not significantly diluting the economic interest of existing shareholders. If you opt not to participate or simply can't participate, dilution (of your economic interest, not your ownership) is less than 2% by my calculations, so it's not like small shareholders are being hung out to dry either.
Ann: Successful $114m Institutional Placement, page-8
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 (20min delay)
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Last
$3.73 |
Change
-0.050(1.32%) |
Mkt cap ! $1.100B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.78 | $3.66 | $809.2K | 217.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 5517 | $3.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 7193 | 20 |
View Market Depth
| Last trade - 15.40pm 04/10/2024 (20 minute delay) ? |
| ABB (ASX) Chart |