News

MRP share price movement 'a disappointment'

Thursday 23rd of May 2013

On Monday, Mighty River’s shared dropped below the pre-IPO price of $2.50 for the first time since they listed. The price has since recovered slightly but is still a long way off its $2.73 debut.

Good Returns has been told by a source close to the deal that part of the problem may have been the allocation of shares to overseas institutions. “No matter how brave a face people put on it, t...

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