Could Greenstone be a goer?

Editorial director of Switzer
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Key points

  • Insurance related company Greenstone plans to raise $809.7 to $984.2 million in an IPO next month.
  • The current owners - Hollard Investments B.V. and the Casey Trust - will collectively hold between 42.0% to 42.6% of the outstanding shares at the time of listing.
  • At the high range of the indicative price range it could be a little expensive, so it’s worth waiting to see how it performs on listing.

 

The latest prospectus to hit the market could turn out to be the biggest float of the year so far. Greenstone is an insurance company, and its parent South African based Hollard Investments, is looking to raise $809.7 to $984.2 million in an IPO next month.

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