https://www.nzx.com/announcements/388877
Eligible Retail Shareholders elected to take up approximately 34% of their Entitlements.Approximately 68% of Eligible Institutional Shareholders elected to take up their Entitlements.
That CR went well with pricing almost at market - $1.43 wasn't it ?
How could they have managed to get things so wrong ?
Timing, pricing ?
Well done NZX - you probably should be the experts in the market
perhaps $1.10 or $1.20 may have worked better
Nothing like now depressing the NZX share price even further with a lolly scramble for all the unwanted
new shares being unloaded to complete the exercise
Would a SP of $1.00 soon be the final egg on the faces of the Board of the Market Operator ?
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