the underwriters and sub underwritwers had to take up 590.8Million shares not taken up in the retail offer. This overhang of stock will take a while to clear. Close to 50M shares traded over each of the past two days, so if this keeps up, perhaps the overhang will be resolved/cleared in a few weeks max. Meanwhile , expect a bumpy ride.
FT
ARI Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
