RE:LSE Jackpotjoy IPO an incredible analomy tradeGulag2011 wrote: 99% of IPOs they do a bought deal - ie say 20 million shares @ 8 .GPN for say 30% of company using IT as a probability
Jacpotjoy has no pre sold IPO deal so UK investors must go and but into the market to get
Jackpotjoy shares
THE UPSIDE DEMAND SHOULD BE VERY GOOD
Also the Intertain exchangeable shares can only be sold now & not bought
Must go & buy LSE jackpotjoy shares
Seems like a pretty good senario to me.
How do these exchangeable shares work? If you elected to receive these exchangeable shares and you sell them, it'll be sold on the TSX... if the buyer is Canadian it'll probably remain on the TSX. Anyone else, it'll get transfer to the LSE once that trade is finalize. Hence the TSX float will get smaller and smaller as time goes on. But shouldn't Canadians still be able to buy Intertain (or whatever it'll be called on Wed, Amalco?) on the TSX?