Is it worth buying shares in the QR National float?
That is the $6.5 billion question. Unfortunately, we're all going to have to wait a little longer to find out. Until October 10 to be exact. That's when the prospectus is due to be released.
Although details of the QR share offer are still sketchy, most main-stream media are predicting a market capitalization once the listing takes place to be around 6.5 billion dollars, although the Queensland Government may retain between 25% and 40% ownership. If you do the maths, that's still a sizeable opportunity for Australian investors. In fact this will be the largest float this year and the second largest in Australian history.
Pre-Registration Now Open For QR National Shares
