Morgans Financial is calling for bids for Advanced Innergy Holdings, the industrial protection products manufacturer that’s making its way to the ASX, after finalising key valuation metrics on Wednesday.
Street Talk can reveal Advanced Innergy Holdings (AIS) has priced its initial public offering at $1 per share, with about 200 million shares on offer. With existing owners holding another 200 million shares, this will give AIS a market capitalisation of $404 million and a 52.1 per cent free float on listing.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
