I understand that we should hear the details of the Clydesdale IPO this week.
My understanding is that 75% of the stock will be distributed to existing NAB holders while the balance will be sold off through an IPO.
Any thoughts on valuation?
My inclination is to hold for a period as there has been a degree of takeover activity in UK Banking in the past year or so with a LLoyds banking spin off going to a Spanish Bank:
http://uk.reuters.com/article/uk-nab-clydesdale-ipo-idUKKCN0SM17520151028
DYOR
Clydesdale IPO
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Last
$37.42 |
Change
0.500(1.35%) |
Mkt cap ! $115.1B | |||
| Open | High | Low | Value | Volume |
| $37.08 | $37.43 | $37.08 | $18.43M | 495.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 2163 | $37.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.42 | 252 | 3 |
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| Last trade - 12.02pm 23/07/2024 (20 minute delay) ? |
| NAB (ASX) Chart |