Coronavirus

Anomalies in share trading ahead of capital raisings

Jenny Ruth
Fri, 17 Apr 2020

Anomalies in share trading ahead of capital raisings
Jenny Ruth
Fri, 17 Apr 2020
The market is getting the rash of deeply discounted capital raisings it expected as the coronavirus crisis ravages the economy, but a few strange anomalies in share trading ahead of announcements are already evident.Take Vista Group International's $65 million raising announced on Thursday: the company was happy to announce the new shares would be sold at a 25 percent discount to Wednesday's market close.What the company didn't say was that its shares had sold below the $1.05 issue price as recently as the end of last week. They ended at $1.01...

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