Quote Originally Posted by dabsman View Post
I took my full entitlement but I also applied for a little in the bookbuild. I am assuming this could actually end up being more than market price if over subscribed? How does it actually work? I only thought about this after I applied... oh well
I believe it will not be more than closing market price prior on the day the rights offer closes... it will likely be a discount, although probably not much of a discount as it seems alot of people (myself included) not only took up their full entitlement, but actually applied for more in the bookbuild as well. Will be intriguing to see the take up rates and book build price that is for sure... I imagine a 90%+ (ie extremely high for a rights issue) take up of the rights and a book build price around $1.30... ideally more around the placement price of $1.25 but I think this would be asking a bit much - ah well, easy way to top up on a great company, at a (likely) discount to market price, and brokerage free as well!)