The IPO listing was way too high, nothing unusual for most who listed on the IPO around teh time when Ibuy did and the market was going through an IPO listing frenzy.
Their last few raisings have each been at higher prices than the previous one, and that trend should now continue if further capital is needed down the track given the scale the business has reached now and the cost structures in place.
I'd be surprised to see any further acquisitions in the near future, based on their recent communications they are now satisfied with the scale an reach of the business and will be focused on investment in marketing via it's established channels to increase return on capital, which equals share price appreciation, and given how heavily undervalued we are now that increase will likely come as a re-rate. They now just have to deliver on the potential and their words.
