Standard intial price action for a cross listing26 Jun 2025 06:54
Right,
Going to put the worries nerves at rest. This price action is a deliberate tactic put in by MMs to prevent traders abusing arbitrage.
Meaning buying them low on AIM selling them for more on ASX if enough people arbitrage they can control price and keep swinging us daily 5% 10% with out ever any price stability. So MMs essentially keep arbitrage traded guessing so they leave us alone and price can match and settle and then a slow and steady correction can or can not occur. Basically as SD said there will be some volatility which is just short term pain.
It isnt a typical IPO and it doesn't take from the fact that GGP on peer comparison is still significantly undervalued vs peers it may just need Q2 to really hammer that point home.
Thanks FE