Genesis IPO an 'attractive' investment
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.
- READ MORE: Genesis shares underpriced, say researchers
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