I assume in the normal course of business, underwriters make their money from fees that Companies pay for their SPP service.
In my opinion the conspiracy theory about the underwriter keeping the SP low to benefit from an undersubscribed SPP is without basis. Surely, there must be some law against it and surely the underwriter's firm must have some internal governance that do not encourage this sort of behaviour.
If the Underwriter wish to speculate LYC shares there are many other legal and proper options for them to do so. Why do they need to muck around with the SPP.
I assume in the normal course of business, underwriters make...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$10.00 |
Change
0.330(3.41%) |
Mkt cap ! $9.354B | |||
| Open | High | Low | Value | Volume |
| $9.84 | $10.02 | $9.65 | $74.35M | 7.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $9.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 60555 | 22 |
View Market Depth
| Last trade - 16.19pm 14/07/2025 (20 minute delay) ? |
| LYC (ASX) Chart |