Latitude Financial Services IPO, page-17

review coming intelligent investor.next week.

Latitude IPO review coming We're working on this consumer finance company's $4bn float and expect to publish a review of the offer on Friday 11 October. By James Greenhalgh · 3 Oct 2019 · 2 min read Email Print If you're like some members, your broker might be beating you about the head suggesting you buy shares in the Latitude Financial Group initial public offering. It will be a big float, with a market capitalisation of $4bn at the top end of the $2.00 to $2.25 a share price range.We're currently considering the 346-page prospectus, and expect to publish a review on or before the morning of Friday 11 October. The Broker Firm offer closes on Monday 14 October (so you'll need to tell your broker whether you'll apply for shares by then). There's no public offer - due to the scarcity principle and all that - but given the size of the float, many brokers have an allocation.We've a tight turnaround due to the short offer period and some scheduling changes we've had to make, but the timing of publication gives you the weekend to decide whether to invest. It's a private equity float, however, so the business's prospects will need to be very impressive to get us over the line.