IAG.PR.C met a hostile reception when issued in November, closing at 23.80-90 on its opening day, but has since struggled back to today’s close 24.40-50, 9×225, on volume of 1,000 shares all at 24.50.
That was then. This is now.
The underwriters have announced an inventory blow-out sale at 23.50, to close January 14.
Many thanks to Assiduous Reader MP for providing me with proof that this is public, if not particularly well-publicized, knowledge!