Citigroup

1743 days ago

Reader Poll: IQE appoints new Nomad and broker so what price is the bailout placing?

We warned you two days before the most recent profits warning from IQE that one was on the way, HERE,  and when it arrived it meant that the company was a slam dunk cert to need a bailout placing. Today we discover that Canaccord has been axed as Nomad and replaced by Peel Hunt while Citigroup joins the party as co broker. This can only mean one thing, that bailout placing is imminent. So with the shares at 52.4p on Friday (and overvalued at that) at what price do you think the placing will be at? Vote below with a deadline of midnight tonight.

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