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clock Created with Sketch. 29/07/20
23:12
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Originally posted by StefanF:
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It makes sense if you don't have the money to participate in the SPP. However, it's very likely the SPP will be oversubscribed by a lot since its a hot sector. While Kogan isn't BNPL, it's also in a hot sector and the SPP was so oversubscribed that people were only allocated like 15% of the shares they applied for. So apply for $10k worth of shares and get $1.5k worth of shares, all the while your $10k is tied up with them until they refund you the $8.5k.
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There is another question, when should I provide the fund for subscription.How long the subscription funds will be locked up, and when the shares will be listed.
