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
$35.96 |
Change
-0.250(0.69%) |
Mkt cap ! $112.5B | |||
| Open | High | Low | Value | Volume |
| $36.20 | $36.46 | $35.96 | $118.7M | 3.284M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11720 | $35.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.02 | 1216 | 1 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| NAB (ASX) Chart |