madebe wrote:
i have read the IPO prospectus and i want to know, 1. the proceeds of the sale goes to?? this is because there is a table that shows who holds the 100% shareholding but none that shows the shareholding post ipo.
2.the brokers dont have a lock in period. wont they damp their holdings immediately??
3. one requirement is to have people have bank accounts. how are they going to enforce this rule post IPO?
Section 4.3 of prospectus; Net proceeds will be used to: (a) invest in new infrastructure to support the various expansion initiatives; (b)
reduce mortgage debt; (c) providing seed capital towards the settlement guarantee fund for futures.
They cant give shareholding structure after IPO because its not yet concluded, so they don't know how it will be but it will result in 33.91% immediate dilution to existing shareholders
The bank account is for refunds
If you don't want to go to plan B have a good plan A.