Sources close to Costa Group's initial public offering were tipping by after-market Tuesday that the deal was likely to price at $2.25.
The fruit and vegetable grower's institutional bookbuild opened at 10am with advisers Goldman Sachs and UBS taking offers between $2.20 to $2.70 a share, or 14.8 to 17.6 times forecast fiscal 2016 earnings.
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
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Jake Mitchell is a former Fairfax Media journalist. Connect with Jake on Twitter.
