Originally Posted by
alex67500
It depends when the new shares are floated, it could be that it was today, or that the market has now priced the dilution -- has the market cap changed?
That’s what has happened this morning, see below extract from Hargreaves sent last week:
Please note, the price of IAG shares in the market will adjust down on Monday 14 September to take into account the Rights Issue. The Rights are expected to be issued to you on Thursday 17 September. As a proportion of the value of your investment in IAG will be represented by these Rights the overall value of your investment will appear lower from Monday until these Rights are credited on Thursday.