According to VG1's asx announcement, the spread of the 275 million shares (@$2.00 per share) allotted at ipo was - 20 mill shares priority offer, 5 mill shares general offer, wait for it ..... 250 mill shares broker firm offer!
Thus, the sponsoring brokers found $500 mill from their clients for the ipo. Guess what CGA? Looks like you guys should have used the VG1 brokers for yout CQG ipo?
CGA Price at posting:
$1.00 Sentiment: None Disclosure: Not Held
