Interesting article regarding Gupta & his IPO listing plans on Reuters this morning.
https://www.reuters.com/article/us-...-ipo-strategy-targets-australia-idUSKCN1MM1RH
Some snippets:
"Sanjeev Gupta, founder and chairman of the GFG Alliance, is rethinking his IPO strategy, targeting an initial listing of either his steel or energy assets in Australia next year"
&
"According to Gupta, the GFG Alliance is well capitalized and has low debt levels, but it will need to tap equity markets to fund its multi-billion dollar expansion and investment plans."
I guess if you're going to list, outlining to investors how you're going to meet ambitious growth targets may well be something you'd like to put in your offer document.
On another note, I also see HAV has tweeted regarding Kalkaroo project timelines and looks like the long march to granting NTMA & mining lease may well be about to occur this month. Not sure it'll have much impact on the share price, but for long-time HAV watchers it will be quite the milestone.
Interesting article regarding Gupta & his IPO listing plans on...
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $61.74M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $13.59K | 67.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 62788 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 49431 | 2 |
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| Last trade - 13.15pm 26/07/2024 (20 minute delay) ? |
| HAV (ASX) Chart |