Three Things About The Viva Energy REIT’s IPO Debut
The lately talked about IPO on Viva Energy REIT (ASX: VVR) has caught attention of many investors. While there has been a lot of speculation, the key things that crossed our minds with regard to this IPO have been listed herein below, in addition to our earlier reporting released prior to the IPO:
Stock price movements: With seemingly low risk profile and good potential for stable earnings growth and decent dividend yield, Viva Energy REIT (VVR) may look as an attractive investment opportunity for investors looking for consistent flow of income. The company debuted on ASX with a success as the stock rose post listing (up about 16%). The offer entailed $2.20 per share and the price jumped to a high of $2.52. On the other hand, VVR is now down 2.335% on August 10, 2016 while ASX advised that the group’s securities will trade on a deferred settlement basis from August 10, 2016 and normal trading is expected from August 12, 2016. The stock witnessed a collective rise of only 0.39% in the last five days.
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