Business
Why the IOUpay (ASX:IOU) share price crashed 13% lower today – The Motley Fool Australia
The IOUpay Ltd (ASX:IOU) share price crashed 13% lower on Monday. This means it is down 37% since hitting a record high last week…
It was another very disappointing day of trade for the IOUpay Ltd(ASX: IOU) share price on Monday.
The Malaysia-based buy now pay later (BNPL) provider’s shares ended the day 13% lower at 53.5 cents.
This means the IOUpay share price has now fallen 37% since peaking at a record high of 85 cents last Monday.
Why is the IOUpay share price under pressure?
Investors have been selling IOUpay’s shares since its surprise and opportunistic $50 million placement last week.
The placement saw sophisticated…
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