Interest for the Chelsea IPO remains strong. Some investors got spooked with the restatement of 2GO’s financials but we were able to explain to them that it won’t affect the prospects and profitability of the company. The announcement even enhances the credibility of new management.
Now that 2GO’s stock is trading again and the price has recovered shows this was just a temporary disturbance.
We are working with the regulators to obtain final approvals so we can start the offer and list before start of the ghost month. ”
Ed Francisco President of Bdo Capital, Issue Manager for Chelsea Logistics IPO