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17/03/19
00:04
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Originally posted by trader x:
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Depends on how much they value WFE. ASX market cap is (2.5B shares x 2.6c) $70M approx. So after the plant valuation and other factors say they value WFE at 140M, and then banks would underwrite the 2.5B shares at 2.6c each on AIM. That's a very simple example. So if they hadn't IPO'd on AIM then our share price would have doubled all things being equal. Any one want to add advice here
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WFE will probably do an "introduction" listing on the LSE. If that's the case, then no new shares need to be issued. And no new funds need to be raised on the LSE as there is no such requirement. All as per the link below.https://www.londonstockexchange.com/companies-and-advisors/listing/float/flotation/methods.htm So no share dilution needed and no underwriting needed. Applies to both the MAIN and the AIM london markets. Imo I think any price differences between the LSE and ASX will be quickly eaten up by the algos.