Newly elevated Weebit Nano’s has had a rude introduction to the ASX’s top grade, smashed by short sellers on the eve of its biggest ever equity raising.
Weebit Nano, an Israel-based semiconductor components company worth about $1 billion, entered the S&P/ASX 300 on Friday, which saw index funds interested in the stock for the first time and snap up a record number of shares.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
