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The end result is to create a complex company with a small float that is hard to value and that will have no control over its main asset, something that would never happen in a large-cap transaction.
The company, which offered a small float of less than 10 percent, is now below the price at which it opened trading, but is still valued above $6 billion based on its market capitalization.
Google has a small float subject to the impact of hedge funds and short-selling.
After going public 18 months ago with a small float, Hornbeck found its lack of liquidity dismayed institutional buyers.
The actuator consists of a straight channel groove in a base plate and a small float with a fin for channel separation.
Its price could reflect a small float of available shares and the temporary effect of momentum traders, the ones who buy because a stock is already moving.
Similar(48)
Bargemusic is a small, floating concert hall docked at the foot of the Brooklyn Bridge.
Their only contact with the outside world is a small floating "convenience store" that comes to the island daily and the tourists who come to visit every other day.
In comparison, companies like LinkedIn have a relatively small float, a scarcity factor that can help support the stock.
The stock has a relatively small float of just 10.7 million shares.
And for its generation, Google initially offered a pretty small float of shares, which was one reason the price soared.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com