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"Investors will not know what the final price is until the big institutions buy their stakes after the retail offer has closed.".
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Just read this article ( https://au.news.yahoo.com/a/2530907...-whether-it-is-a-value-investment/?source=wan ) online while trying to find out some more info/professional opinions on the float and was astounded at this statement, "Investors will not know what the final price is until the big institutions buy their stakes after the retail offer has closed.".
Now I have very little experience with shares and IPO's so can someone tell me if this is common? Am I understanding correctly that you as a potential future shareholder will be applying to buy shares you don't know the price of?
Thanks.
I am surprised by this too. The government sets the price after you have given them your money.
What if a retail buyer is happy to buy at $1.80 but not at the $2 mark? If the government sets the price at $2, buyer then has to say, 'No thanks. Please give me my money back.'
$2 share price equates to 21 price to earnings--is that right? A bit high.
What's the likelihood of shares dropping the first couple of days?
What if a retail buyer is happy to buy at $1.80 but not at the $2 mark? If the government sets the price at $2, buyer then has to say, 'No thanks. Please give me my money back.'
- An above average return on equity (ROE) of ~18%.
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Just look at 3 things:
(a) the equity in the latest presented balance sheets
(b) the number of shares on offer.
Use (a) + (b) to calculate book value per share.
Less then 2 hours to go,just interested did anyone buy into this public offering,? myself I'm just going too wait I did not buy in..imho..
Yea I gave it a very small punt