This drop in Afterpay due to Prospa IPO being suspended on ASIC concerns ..
If you look at the “intra day chart” you’ll see APT falls off a cliff right just before 12… $8.50 to $8.00 very quickly - the reason was that the Prospa IPO was coming on at 12 but 8 mins before was cancelled for 48 hours - due to ASIC worried over the "online lender’s loan terms "....
so APT is being tarnished with the same regulatory brush - that's the real reason why it fell (and so suddenly)
APT Price at posting:
$7.86 Sentiment: Buy Disclosure: Held
