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
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Last
$43.79 |
Change
0.250(0.57%) |
Mkt cap ! $134.1B | |||
| Open | High | Low | Value | Volume |
| $43.39 | $44.00 | $43.28 | $126.2M | 2.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9679 | $43.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.95 | 275 | 1 |
View Market Depth
| Last trade - 16.12pm 15/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |