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1.IPO results, 1.Market Observations, 8.Was Sticky

4 May 2017 (AFR) – Bingo shares list on the ASX at a small premium

(4 May 2017, AFR, p17, by Simon Evans)

‘The chief executive of Bingo Industries, Daniel Tartak, says the fact his own personal holding is worth around $105 million on paper after listing on the ASX on Wednesday won’t change him one bit. “It doesn’t change things. I’m still relatively young and I’ve got a long future ahead of me,” he said just minutes after opening trades for Bingo on the ASX reached $1.82, just above the issue price of $1.80. But by the close of trading the stock had faded to close at $1.76, giving the company a market capitalisation of $614 million.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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