GREY:NMKEF - Post by User
Comment by
CREAMSHOWon Jun 18, 2016 6:15pm
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Post# 24977398
RE:RE:RE:TSX listing opening price
RE:RE:RE:TSX listing opening priceI though there was a minimum share price for a uplisting to the TSX and I was asking because I thought a share rollback was comming. I don't know where the 30% premium on the average SP fits in??
lamothze wrote: What are you all talking about? It's just an uplisting fro? tsx venture to tsx. It's not an IPO. There is no price to set . It will trade at the same price than the day before the uplisting. The difference is that there will be a 50$ m private placement financing at a price not set yet. It will be set based on the average trading price of a certain period before it closes. So expect between 25-45 million share dilution.
CREAMSHOW wrote: How does the price get determined ? Can someone walk me through the process please Thanks!