Tempus Resources IPO, page-25

  1. 13,097 Posts.
    lightbulb Created with Sketch. 236
    Hey mate, escrow portion is IPO price minus the seed price. So if you took seed at say 12c on a 20c IPO, your escrow is 20-12=8. That's the cash rule. Exception is if the seed discount is 20% or less (>16c for a 20c IPO) = no escrow.
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