Kina Securities Ipo, page-37

Hi Dimaz11,
Been thinking about a possible listing price for Kina.
Since the IPO was priced the Kina has strengthened by about 3 percent to the AUD.
If price comparison between CBA and Bendigo is any guide then there should be no price differential between Kina and its listed comparator in PNG .
This means Kina should list anywhere between $1 and $1.60.
Surprisingly, with new floats people often split the difference. As simplistic as it may seem.
Based on this it would not surprise me if Kina trades around $1.30 on opening.
As Nani always says, and I agree with him, let's see on the day.