Post by
1northumberland on Nov 07, 2023 9:29am
CPG issie
I was told this issue coming out is only 85% done.
To big for the mkt to swallow imo
Comment by
Anschutz on Nov 07, 2023 9:55am
Regardless of the initial uptake of shares, the extra 39 million shares are going to add pressure as underwriters sell into the market. I think we see share price slosh around for quite sometime before they settle back down. Nuttal and underwriter will sell into any uptick in price until shares find a home in the accounts of long term holders.