Wynyard Group capital raising?

[goldfish]

Any word on scaling? Over subscribed much anyone know?

[CJ]

Just been told $1.15

Good price. Hopefully this stock is well supported, they hit their targets, and when the inevitable capital raising does happen, it is an up-round, not a down-round.

[etrader]

Happy that it was prices at the bottom of the book build - institutions have priced it accordingly which will allow for better upside. Have put a few dollars into it and am happy with what they are doing and although jade is taking out a large chunk it is their right to be paid for I.P AND intracompany loans. Jade separated off wynyard due to the sensitive nature of what they do to give a transparent company.

[CJ]

http://www.nbr.co.nz/article/wynyard...-115-bd-141739

No meantion of scaling. Hopefully there is a little bit of demand on IPO.

Edit: No oversubscriptions - http://www.scoop.co.nz/stories/BU130...book-build.htm

[Billy Boy]

https://www.forsythbarr.co.nz/about-...blic-offering/
BB

[CJ]

https://www.forsythbarr.co.nz/about-...blic-offering/
BB

Can someone interpret this for me. My take is that they applied for a firm commitment, and are now trying to find someone to take these up.

If this is the case, it doesn't sound positive for a IPO pop as I would have thought all firm commitments would have already been allocated.

Edit - just read that they are the joint lead manager. So they set the price even though they didn't have investors asking for those shares?

[Billy Boy]

Can someone interpret this for me. My take is that they applied for a firm commitment, and are now trying to find someone to take these up.

If this is the case, it doesn't sound positive for a IPO pop as I would have thought all firm commitments would have already been allocated.

Edit - just read that they are the joint lead manager. So they set the price even though they didn't have investors asking for those shares?

It's things like the above that have switched me off this IPO
BB

[Baddarcy]

Can someone interpret this for me. My take is that they applied for a firm commitment, and are now trying to find someone to take these up.

If this is the case, it doesn't sound positive for a IPO pop as I would have thought all firm commitments would have already been allocated.

Edit - just read that they are the joint lead manager. So they set the price even though they didn't have investors asking for those shares?

Am i missing something obvious here? I've clicked on the link and it says nothing of what you have said above. I also note that the document is dated the 7th June....

[CJ]

Am i missing something obvious here? I've clicked on the link and it says nothing of what you have said above. I also note that the document is dated the 7th June....

My bad - didn't look at the posted date. Assumed it was new and read this part:

The offer for shares is set to open on Monday 24 June and close on Friday 12 July ahead of a Friday 19 July listing on the main board of the New Zealand stock exchange.

You can register your interest by clicking here.

[Baddarcy]

ASB has advised that i got my full allocation, so either their wasn't any scaling or it kicked in higher up. I was only after a small amount thou.

Saw a news article on stuff yesterday too with the following comment in it... why didn't they say things like this to the press earlier??


"The company had a blue- ribbon global customer base and recently signed a long- term contract with the New Zealand Police for its Wynyard Investigator product, which was used internationally by more than 50 agencies ranging from the Australian Federal Police to specialist operations in the United Kingdom and Asia."