Street Talk
Pricing out for Cuscal IPO; seeks to raise $338m at 13.1 times
Pricing has landed for ASX-aspirant Cuscal, and sole lead manager Bank of America has peddled hard to make its valuation juicy enough to get the initial public offering done and dusted on its second crack.
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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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
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