With no new shares issued at IPO it looks more like an exit vehicle for insiders. If they’re not selling there’ll be no liquidity. Hard to see how they can be excited about new opportunities with no new capital.
Somethings not right with this, my bs senses are on overload
With no new shares issued at IPO it looks more like an exit vehicle for insiders. If they’re not selling there’ll be no liquidity. Hard to see how they can be excited about new opportunities with no new capital.
Somethings not right with this, my bs senses are on overload
Unbelievable, nice exit for a few inside holders, as twice IPO (which beagle reckons was over 3x its worth). Is this really value at $277m market cap! Good grief.
Unbelievable, nice exit for a few inside holders, as twice IPO (which beagle reckons was over 3x its worth). Is this really value at $277m market cap! Good grief.
This is quite bizarre. The Board only a few weeks ago agreed the equity was worth c. $0.80 and they are near $1.70 today
Low interest rates are really starting to see rampant speculation in markets....look at AirBNB and Doordash more than doubling on opening day and there are many others doing the same in the US that are less well known.
isnt it a bit odd having no new securities offered to the public on a new listing. ???
With the current NZX rules a two-stage listing makes sense in relation to costs: 1st a clean and tidy compliance listing (no need for a back-door listing with the extra costs and complications that brings - TIL/Bethunes as an example) and 2nd, some months after listing, a fundraising offer with the market having by then established a price range.
If I'm right Radius Care is setting a pattern that we will see repeated by others in future.
No. If your expecting further expansion, then access to equity capital or debt securities, then a listing can be helpful.
Originally Posted by Wiremu
With the current NZX rules a two-stage listing makes sense in relation to costs: 1st a clean and tidy compliance listing (no need for a back-door listing with the extra costs and complications that brings - TIL/Bethunes as an example) and 2nd, some months after listing, a fundraising offer with the market having by then established a price range.
If I'm right Radius Care is setting a pattern that we will see repeated by others in future.
thx team makes a little more sense with both of these comments together. if you were expanding I'd have expected new issue but if you need price discovery first well yeh....
With the current NZX rules a two-stage listing makes sense in relation to costs: 1st a clean and tidy compliance listing (no need for a back-door listing with the extra costs and complications that brings - TIL/Bethunes as an example) and 2nd, some months after listing, a fundraising offer with the market having by then established a price range.
Not much chance of gauging price if no one is selling!
RAD - Radius Healthcare
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Originally Posted by Baa_Baa
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