Genesis IPO an 'attractive' investment

  • 31/03/2014

The Genesis IPO is now open to the public, with the shares priced at $1.55 apiece.

But is the Government missing out on millions of dollars by pricing them too low?

Fat Prophets analyst Greg Smith says $1.75 would have been a more accurate price, so at $1.55, it's a very attractive investment.

A number of other investment researchers yesterday agreed, with one saying they could be worth as much $1.97.

Michael Wilson spoke about the pricing and whether it will prove attractive to investors with Greg Smith this morning – watch the video.

source: newshub archive