Business
DOU) to acquire Goodments: report
Douugh Ltd (ASX: DOU) is reportedly set to announce it will acquire Australian ethical investing app Goodments.
The fintech, which listed on the ASX in October, returned 467% to be crowned the best-performing initial public offer stock of 2020.
The shares sold for 3 cents during the IPO but last traded for 17 cents, after flying as high as 49 cents.
However, the rollercoaster ride for investors came to an abrupt pause on 21 December when the company put a trading halt on its shares. It has since extended the suspension 3 times, making everyone a bit nervous.
The trading halt, Douugh had stated, was regarding the acquisition of an undisclosed company and an enquiry from the ASX.
Now with the shares still suspended, the Australian…
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