You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

16 May 2017 (AFR) – Retail IPOs worth $2.4b under a cloud as valuations sinkRetail IPOs worth $2.4b under a cloud as valuations sink

(16 May 2017, AFR, p13, by Sue Mitchell)

‘Initial public offerings worth $2.4 billion are at risk as shares in discretionary retailers derate amid concerns about soft consumer spending and the impact of Amazon. Fund managers say proposed initial public offerings for Wesfarmers’ Officeworks, Archer Capital’s Quick Service Restaurant Holdings and Navis Capital Partners’ Retail Apparel Group could be postponed or abandoned in favour of trade sales because investors are unlikely to value the companies as highly as vendors.’

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

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: