i don't understand . pre-ipo this company had negative equity . ie. liabilities exceeded assets. Post ipo the pre-ipo shareholders still seem to have a big shareholding yet the ipo bailed their company out from being balance sheet insolvent. something doesn't quite smell right . am happy to be corrected?
IPO - Johns Lyng Group Limited, page-23
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$4.22 |
Change
-0.025(0.59%) |
Mkt cap ! $969.2M | |||
| Open | High | Low | Value | Volume |
| $4.25 | $4.29 | $4.21 | $701.5K | 165.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 25 | 3900 | $4.21 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.22 | 5609 | 25 |
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