It is actually absurd that this company managed to IPO at the valuation it did.
No surprises that it dumped almost immediately after. It is such a shame, time and time again retail investors get pumped crap like this.
That being said, not surprised they pumped to retail investors/dumb money. On average the balance of a RAIZ uses is c.$1,200. Fees at that level are $1.25 a month which is about 1.25%. These guys have just been ripping people off since inception.
IPO - Raiz Invest Limited, page-33
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $34.84M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 36.5¢ | $12.03K | 32.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6952 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 48210 | 3 |
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| Last trade - 15.59pm 25/07/2024 (20 minute delay) ? |
| RZI (ASX) Chart |