Pretty much, except that the whole point of an IPO would be to raise funds. Otherwise why bother?
So taking your example above, and raising an additional $235 million in an IPO of 400 million Spacelink shares at $1 each. Eligible EOS shareholders would receive 165 million Spacelink shares allocated at a rate of 1.797 Spacelink shares for every EOS share held at the record date. Ineligible shareholders would receive $1 for each EOS share. Eligible/ineligible depends on where the IPO is held: US, UK, Japan, China, New Zealand...
EOS shares would re-rate on the market to reflect the capital value that had been transferred from EOS to Spacelink.
Spacelink shares would end up wherever based on how that market valued Spacelink.
How do we acquire interest in SpaceLink, page-6
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Mkt cap ! $253.7M | |||
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