NEA 0.24% $2.08 nearmap ltd

I just have to update my 24 August post (above) in the light of...

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    I just have to update my 24 August post (above) in the light of today's capital raising announcement.
    Getting a huge $70M fully underwritten is an amazing achievement, and while it is not at $2 it is at a huge premium to what NEA has been trading at for all of its history bar the last month.
    I will happily cop a 8% dilution for the accelerated growth which will capture the market opportunity for its current and to-be-developed products while that opportunity exists (and before competitors can catch it).
    $2B+ market cap in 1 year I reckon!
 
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