JLG 0.59% $4.22 johns lyng group limited

i don't understand . pre-ipo this company had negative equity ....

  1. 1,079 Posts.
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    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?
 
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Last trade - 14.20pm 28/11/2024 (20 minute delay) ?
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