JLG 0.35% $4.26 johns lyng group limited

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

  1. 1,079 Posts.
    lightbulb Created with Sketch. 5
    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?
 
watchlist Created with Sketch. Add JLG (ASX) to my watchlist
(20min delay)
Last
$4.26
Change
0.015(0.35%)
Mkt cap ! $969.2M
Open High Low Value Volume
$4.25 $4.29 $4.22 $364.5K 85.89K

Buyers (Bids)

No. Vol. Price($)
7 1439 $4.25
 

Sellers (Offers)

Price($) Vol. No.
$4.26 6350 12
View Market Depth
Last trade - 11.58am 28/11/2024 (20 minute delay) ?
JLG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.