I for one am very interested, with $7.6 billion under administration and over 5000 individual investor platforms, I think this could be a decent buy and hold forever type investment if it can get it's P+L in check. A small drop in the water compared to Challenger, and seeing as it has a projected loss of $4m in 2020 I think I will be watching this from the sidelines until either a substantial movement away from the banks for investments or just a large growth in funds under management occurs.
But I am very curious on what others think about this IPO, certainly one of the more large scale ones in a while.
PWL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
