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Why the IOOF share price is crashing 21% lower today – Motley Fool Australia
The IOOF Holdings Limited (ASX:IFL) share price is crashing lower on Wednesday. Here’s why its shares are down 21% this morning…
The worst performer on the S&P/ASX 200 Index (ASX: XJO) on Wednesday has been the IOOF Holdings Limited (ASX: IFL) share price by some distance.
In morning trade the financial services company’s shares have crashed 21% lower to $3.64.
Why is the IOOF share price crashing lower?
Investors have been selling IOOF’s shares on Wednesday after they returned from a trading halt following the completion of the institutional component of its capital raising.
According to the release, the fully un…
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