George Soros is set to emerge as one of the offshore investors in the much anticipated Nine float

James Marlay

Livewire Markets

George Soros is set to emerge as one of the offshore investors in the much anticipated Nine float. Demand for the IPO is reported to have been somewhat soft with the final $2.05 pricing set at the bottom end of the target range. 70% of the offer is said to have been taken up with Australian investors including Airlie Funds Management, Perpetual, Colonial First State, AMP, BT and Infinity. Many of the institutional investors are believed to have placed orders for shareholdings worth about 3 per cent. Nine's float will be keenly watched by the investment bank community, which has expressed concerns that a repeat of retail group Myer's botched float four years ago will lead to the IPO market freezing for another extended period of time. Full Report here in The Australian (VIEW LINK)


3 topics

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.