Quote Originally Posted by Harvey Specter View Post
Disagree. Sophisticated investors (Sam Morgan, insto's, those on here) bought at those high prices (Im refering to new stock, not trading existing stock) thinking that was fair value. As such, the company has destroyed fair value in the eyes of the market.
Not sure if I would describe Sam Morgan as a sophisticated investor, but I take your point. Absolute144 is right though, a big benefit of listing is the easy avenue to raise capital, and the company has an obligation to its existing shareholders to raise at the best price possible. WYN has done exactly the right thing.