So the underwriters have 16.2 million D2O shares that they need to find a home for - this is a huge overhang which surely means short term price pressure until a home can be found for these shares. Hopefully there are some insto's that are keen to take advantage of the liquidity to build a meaningful holding.
From D2O's perspective, it's great news that they have raised the full $44 million sought.
So the underwriters have 16.2 million D2O shares that they need...
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Last
$1.38 |
Change
-0.015(1.08%) |
Mkt cap ! $215.1M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.40 | $1.37 | $113.8K | 82.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5168 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 364 | 1 |
View Market Depth
| Last trade - 15.47pm 19/07/2024 (20 minute delay) ? |
| D2O (ASX) Chart |