Fonterra Shareholders Fund Begins Trading
Fonterra Shareholders Fund Units began trading on the stock exchange today under the code FSF.
At time of writing they are trading at $6.78.
They have traded as high as $6.80 and as low as $6.50.
Fonterra Shareholders Fund Units were issued at $5.50 the top end of the indicative range. Even at $6.50 there is a tidy paper profit of over 18% for those lucky enough to get an allocation.
It will be interesting to see what happens next week. I suspect many will find the paper profit irresistable and elect to sell some of their units.
- Last updated on .