Australia's largest stock trading and investment forum Australia's #1 stock forum

Ecofibre Medical Cannabis float around Easter 2018, page-164

First 164 Last

Share
Profile

Follow
HempCFO

23 Posts.

08/03/19

19:32

Post #: 37703920
Share

Originally posted by Nomadic_Investor: ↑

There was an article in the Aus.Fin.Review a couple days ago - not allowed to post links on the forum here - but there was an interesting snippet at the end of it, which I'll detail below. So for all the earlier discussion around public access to the IPO, it seems like these guys are actually going about looking after the 'little guys'. Huge props if they do, as the article alludes to, that's not all that common for in-demand floats.

------

The pair set the $1-per-share price after taking advice from Acova Capital. Unlike many IPOs, Ecofibre is setting a portion of the raising for the general public.

"Australians should all get access to CBD," says Wang. "We wanted the general public to get this access. There will be general pool – likely 20 per cent – while the remainder will be institutions and the chairman's list of investors."

Expand

So if the float is 20 mill, "20%" is 4 million for the general public. That's gonna be tight.
1 Upvote

Reply

Top Stories

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

There are more pages in this discussion • 3 more messages in this thread...

First 164 Last