The price of shares for Murray Goulburn’s coming IPO are expected to be between $2 to $3, according to sources.
The range equates to about 13 to 17 times the forecasted forward earnings of the newly listed dairy co-op.
Murray Goulburn’s product disclosure statement for its listing is due out at the end of the week.
Investors in the new entity will be paid a 6 per cent to 6.5 per cent yield with a 100 per cent payout ratio.
Anyone has idea for this IPO? from Fonterra (New Zealand) example, I reckon this is attractive one..
