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1.IPO results

14 July 2018 (AFR) – IPO: Viva Energy shares hit the ASX boards lower

(14 July 2018, AFR, p25,

Viva Energy IPO (Bloomberg)

Viva Energy IPO  (ASX:VEA) (Bloomberg)

Viva Energy (ASX:VEA), the country’s biggest float in three-and-a-half years, has made an underwhelming debut onto the listed sharemarket, disappointing any investors looking for quick profits.

After hitting the boards at $2.43, 7¢ off the sale price in the $2.65 billion mega-IPO, the shares closed at the day’s low of $2.40. They didn’t get close to the $2.50 that initial new investors paid to take a stake in the former Shell Australia refining and marketing business.’

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

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