The Queensland government has commenced marketing the float of between 60% and 75% of QR National. The float will have a capitalisation of between $6.1 billion and $7.3 billion. The indicative price is between $2.50 and $2.80 with retail investors receiving a 10 cent discount to the book build price.
When it comes to high-stakes investing, Quest Asset Partners is not afraid to put its own money where its mouth is. The boutique investment fund, run by two former AMP Capital veterans, is owned by its investment team and chooses a high-conviction methodology that permits it to own only between 25 and 30 stocks at most.