Australia’s biggest float soars

first_imgMonday 22 November 2010 7:19 pm KCS-content Tags: NULL whatsapp Share Show Comments ▼ Shares of Australian rail-freight firm QR National, the country’s biggest float since 1997, rose four per cent in their trading debut yesterday, offering mild hope for a clogged pipeline of more than A$10bn (£6.2bn) worth of floats. QR National, which was wholly-owned by the state of Queensland until it floated a 60 per cent stake, was snapped up by offshore hedge funds and index fund managers to propel it into the ranks of Australia’s top 50 stocks. The firm mainly transports coal from Queensland to ports to be exported to buyers in China. whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Australia’s biggest float soars last_img

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