In today’s briefing:
- Cuscal IPO Trading – Valuation Appears Reasonable
Cuscal IPO Trading – Valuation Appears Reasonable
- Cuscal (1229Z AU) raised around A$337m (US$218m) in its Australia IPO.
- Cuscal is an authorized deposit-taking institution (ADI) in Australia that primarily provides financial infrastructure and payment services in Australia.
- We have looked at the company’s performance and valuation in our past notes. In this note, we talk about the trading dynamics.
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