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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$4.24 |
Change
-0.005(0.12%) |
Mkt cap ! $969.2M | |||
| Open | High | Low | Value | Volume |
| $4.25 | $4.29 | $4.22 | $607.7K | 143.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 34 | 5410 | $4.23 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.24 | 5207 | 18 |
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