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1.IPO results, 1.Market Observations, 5.Troubled companies

20 Feb 2018 (AFR) – GetSwift plummets 55pc on reinstatement to ASX

(20 February 2018, AFR, p1, p13, by Michael Bailey)

‘GetSwift shares plummeted 55 per cent on Monday after the logistics software maker told the market that less than half its announced contracts had progressed to a revenue generating stage. After last trading at $2.92, before their suspension on January 22, GetSwift’s shares closed on Monday at $1.31 after tumbling as low as $0.98 after the opening bell. This exacted pain on Fidelity International and the other investors who bought GetSwift shares at $4 in a December capital raising of $75 million, lead-managed by Aesir Capital, whose research arm had previously issued a “buy” rating for the last-mile software maker.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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