S32 – South32 Limited

Opens today

Forecasts of it’s debut price range between A$2.00 and A$3.00 a share.
The top end would value the company at A$16 billion, making it Australia’s biggest new listing in 15 years and the biggest mining listing since commodities giant Glencore Plc in 2011.

BHP is about $2.00 down so it would appear that S32 would open near the bottom of that forcast range.

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