Firmus’ $44 billion initial public offering has caused so many strong feelings that there really has to be a better way to air them all. Maybe we should plant a microphone in a public place, with professional money managers given a tight two minutes. A long queue of fundies doing campus talks.
The first days and months of trading will reveal actual preferences. One of the more concise (bearish) ones was from Plato’s David Allen. He told The Australian Financial Review that the “mooted valuation prices in five years of flawless execution from a loss-making business with barely a track record”.
Loading…