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TOPIC: Tigenix Taking BIG hit on U.S. IPO Listing

Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 13:25 #8248

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TIG IPO'd at $15.50 but trading at just $11.50. Just goes to show how difficult it still is to raise money for stem cell companies. I took the decline as an opportunity to pick up some shares for the first time. Has $60MM in cash now and Takeda to commercialize in Japan. It should rebound soon enough to at least the IPO price, IMHO.

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Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 13:42 #8249

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The actual closing is set for Dec. 20th - my guess is that the pricing of 15.50 is adjusted downward as of that date.

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Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 14:21 #8250

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As far as I understand it the price of $15.50 is final and will not change. The U/Ws take the risk since this is not a "best efforts" offering as far as I know. This is not like the rights offering Cytori had to reprice numerous times to get done. Trading at a huge discount to the last price of the ordinaries in Brussels.

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Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 15:53 #8251

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WST, you are definitely missing some part of the story re Tigenix - makes no sense - you can bet that the underwriters are not on the hook for $4-5 re this offering!

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Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 16:17 #8252

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Really?? Then prove your contention. This is not a"best efforts" underwriting.

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Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 16:21 #8253

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In a bought deal, the underwriter purchases a company's entire IPO issue and resells it to the investing public. The amount of compensation the underwriter makes represents the spread between the price for which the underwriter acquired the stock from the issuer (usually a discounted price) and the price the for which underwriter sells the stock to the public. In this case, the underwriter bears the entire risk of selling the stock issue, and it would be in his or her best interest to sell the entire new issue, because any unsold shares then continue to be held by the underwriter.

Read more: Do underwriters make guarantees to sell an entire IPO issue? | Investopedia www.investopedia.com/ask/answers/06/underwriteripo.asp#ixzz4SwphPbBd

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Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 16:50 #8254

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Trust me, you are missing something - I would investigate, but I do not really care!:bash: :bang:

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Tigenix Taking BIG hit on U.S. IPO Listing 15 Dec 2016 20:25 #8255

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LOL!

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Tigenix Taking BIG hit on U.S. IPO Listing 16 Dec 2016 05:35 #8257

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WST, it looks like you made a great investment in TIG - trading at over $13 in pre-mkt. today - bizarre!

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Tigenix Taking BIG hit on U.S. IPO Listing 16 Dec 2016 08:03 #8258

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Tigenix is trading at .69 EU in Brussels or $.72 U.S down .12 EU - www.bloomberg.com/quote/TIG:BB . Each U.S traded TIG ADS equals 20 ordinary shares and is now worth $14.35. Arbitrage traders will close the disparity.

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Tigenix Taking BIG hit on U.S. IPO Listing 16 Dec 2016 08:26 #8259

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If it's down .12 EU from yesterday, then yesterday's US dollar value would have been at least .80 and 20 times that would have been $16 - so why was it trading at 11-12 yesterday - do you mean it is up .12 EU from yesterday?

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Tigenix Taking BIG hit on U.S. IPO Listing 16 Dec 2016 08:32 #8260

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No, it is down today in Brussels. The spread was wider yesterday which is why I bought it. Although the $.81 EU was a closing price it wasn't a live price when TIG was getting hit yesterday. However, the spread was extremely wide as so was the opportunity.

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Tigenix Taking BIG hit on U.S. IPO Listing 16 Dec 2016 08:44 #8261

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Congrats, very smart trade -- now let's see if we can get ATHX back on track - it has been ugly for months (for no apparent reason).

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