Originally Posted by
trader_jackson
CRG was always going to sell out - but not at $2 or $3, and possibly not at sub $4 either.
The founder still owns 69%, when taking into account other management shareholdings, this is in excess of 70% - I don't know of any of those companies above that have a founder/management owning well in excess of 2/3rds of the business with a founder still with the business since day 1 (over 20 years ago) topped off by the fact this business has grown virtually entirely organically since day 1 (not a roll up or via acquisitions)... a big (ish) sell down by somebody is almost overdue in some ways!
So yes, I would confidently say "this time is different" to all of the examples you have provided above, in fact, I reckon it is borderline insulting comparing this sell down to those company's sell downs.
Nice that retail shareholders get a bite at cheap shares via the SPP (not just a big placement to insto's with almost nothing left for other shareholders) - and given I doubt the founder and CRG will be participating via the SPP, it should be able to be shared around nicely.