The ****** Call caht with Claude Walker and Carl did bring up a pertinent point: why did $550M+ of the $600M IPO go to insiders selling out? It's not that insiders shouldn't get some of the liquidity event. But why do we think insiders sold so much?
WiseTech, as a comparison, raised $180M in its IPO, and $56M went to selling shareholders, and Richard White barely sold any.
SDR new overweight at Barrenjoey, page-2
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$5.20 |
Change
0.100(1.96%) |
Mkt cap ! $1.448B | |||
| Open | High | Low | Value | Volume |
| $5.10 | $5.24 | $5.10 | $1.910M | 367.4K |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| $5.22 | 2121 | 1 |
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