Greenstone IPO, page-13

  1. 150 Posts.
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    AFR says it will be a June 16 asx listing.
    Priced at $2 to $2.50 and almost a billion dollar raising.
    With that much to raise, I'd say there would be a fair bit going to general public offer.
    Will have to look at it a bit closer.
    According to AFR, it doesn't sound like it will be massively oversubscribed but who knows where this IPO market is going.
    From AFR:
    Jason Kim, portfolio manager at Nikko Asset Management Australia, is looking at the float and said Greenstone had a "very good business model" that was light on capital.

    "It looks like a decent business, but it does come down to price [of the IPO]. But it looks like the business is growing reasonably well."
 
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