Totally Overvalue!
I really wonder how did AirTasker get to IPO without ASX-imposed Escrow. We know that most of the raising went to payout pre-ipo shareholders.
Not only that, the Balance sheet is showing literally NEGATIVE EQUITY, with a Loss Making Operation with market cap of like $440M as of now??
ASX Admission Criteria
https://www2.asx.com.au/content/dam/asx/documents/listings/A-Guide-to-Listing-SEP-18-Maddocks.pdf
We know that Airtasker aint making a profit, so that leaves using asset test as a way to IPO but if you go Asset Test, Escrow is required...so i am not sure which path they took.
Either way, an valuation model from **.st shows below looks like its only worth 28c after all the hype dies down... whether it goes to that level is another question
Totally Overvalue!I really wonder how did AirTasker get to IPO...
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $117.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 26.0¢ | $18.76K | 72.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 56256 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 18580 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
26.5¢ |
Change
0.000 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| 26.0¢ | 26.5¢ | 26.0¢ | 66461 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| ART (ASX) Chart |