Business
ASX adds 0.6% as miners rise; AUD slips to six-week low – The Sydney Morning Herald
The ASX was up 0.6% after a flat start. The heavyweight banks and miners were mixed, CSL was up, while energy stocks remained subdued.
Its official. As of Wednesday night Australias biggest non-bank lender, Ahmed Fahours Latitude Financial is readying for its third attempt at an initial public offering in three years.
The company said it is looking to raise at least $150 million in the IPO at $2.60 a share valuing the group at around $2.6 billion.
The modest raising, and modest valuation, should help to avoid the issues which saw the 2019 float aborted.
Latitude Financial chief executive Ahmed Fahour. Credit:Elke Meitzel
A billion…
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