In today’s briefing:
- Adani Wilmar IPO Trading – Listing Sentiment Isn’t the Greatest
Adani Wilmar IPO Trading – Listing Sentiment Isn’t the Greatest
- Adani Wilmar (6596700Z IN) raised around US$500m in its India IPO.
- Anchor quality wasn’t the greatest, in our view, and were the firm to trade towards its peers’ trailing average, it would imply a 21.8% downside potential.
- In this note we will talk about the subscription levels and trading dynamics.
Before it’s here, it’s on Smartkarma