RE:RE:RE:RE:RE:RE:The public part of an IPO (ChatGPT)The listing itself and the IPO price relative to MJS price will give a great lift to MJS price due to rercognition that it will own about 57 m of the 80 m post IPO consoldiated shares of Persistence.
These calculations have been presented before assuming the stated ( March 2022 ) conditions of the IPO....not more than 25 % dilution, raising $105 m CAD , ending up with 80 m post IPO consoidated shares.
It works out to about 3.2 cents per Persistence share or about $5.25 CAD per share ( 3.2 ** 165 ) as the IPO price...adding $300 million for out 57 m shares of Persistence or adding about 29 cents relative to our current price.
This assume direct causality if MJS shares rise to Persistence shares......inevitable IMO as at our current price ,you can buy a persistence share for 1/3 the price of the IPO share..... an arbitrage that will not be missed by the astute Persistent shareholder