QR banks on commodities story for IPO
Australian investors are considering the biggest IPO in the country for 13 years after QR National, which owns Queensland’s coal railway network, moved closer to an offer that could be worth as much as A$5bn ($4.94bn).
The company filed an offer document this week that said the state of Queensland will sell 1.46bn-1.68bn shares, with a marketing range of A$2.50-A$3 a share and a A$2.80 ceiling for individual investors.
Depending on the number of shares sold and the various final prices, the total raised ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
