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The passenger assets will remain state-owned, with the commercial assets to be floated via an IPO
Rio Tinto plans to maintain an interest of up to 48% of Cloud Peak
Stock opens 4.4% higher than the final offer price of the IPO
Timing is everything as Myer Holdings Ltd's new shareholders have learned after shares in Australia's largest iconic department store tanked 8.5 per cent after it listed on the Australian Securities Exchange (ASX).
Optus has declined to confirm reports its parent company Singapore Telecommunications (SingTel) is considering selling a small stake in the subsidiary through a initial public offer (IPO) in Australia.
Junior minerals explorer Genesis Resources Ltd is set to make its debut on the Australian stock exchange on Tuesday after completing a $4 million initial public offer (IPO) that was oversubscribed.
Myer plans to raise up to $2.34 billion from a share float as it prepares for the largest listing seen on the local stock exchange in three years
To become a separate, ASX-listed company
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