Don't think Kar would price the IPO aggressively because HRT is still slightly underwater. Investors are probably asking Kar to leave money on the table.
The only reason for the halt is that they hold material price sensitive information - most probably good news about Maruja but can't release as Petrobras controlling process. My personal view is that if this news was negative they would have tried to get the IPO done at whatever price last week - better to have some money in the vault than nothing. IPOs are all about pricing, there is always a buyer at a certain price and the advisers - MS and CS are no idiots in this game.
hence mildly positive for tomorrow. My only worry is the two days wait between a potential announcement tomorrow and the IPO pricing on Thursday Brazil time (or Friday our time). Let's not forget that Maruja is marginal in the big story of K.
Long run we are good - too many optionality on this stock.
article, page-16
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Last
$1.38 |
Change
0.030(2.22%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.39 | $1.34 | $4.466M | 3.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15786 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1601 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |