Business
Ventia Services IPO re-cut: $438m raise at 8.5x profit – The Australian Financial Review
Ventia Services’ initial public offering has been considerably downsized and re-priced to ensure it hits the ASX boards as scheduled…
Ventia earlier set out to raise $1.097 billion to $1.202 billion at $2.75 to $3.15 a share, or 12.5 to 14 times forecast NPATA. It spent the past few weeks marketing to institutional investors and retail brokers.
The bulk of funds raised ($374 million)…
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