The long-awaited prospectus for Channel Nine’s public float reveals plans to raise between $643 and $697 million. The ABC TV programme, The Business, extended an interview request to Nine CEO David Gyngell to comment on the float. He declined saying he was too busy promoting the offering. As a fall back, I was asked as an independent investment manager for my thoughts on the transaction. My interview with Ticky Fullerton is attached here.
Needless to say we will not be participating for clients.
Kieran Kelly, Managing Director, Sirius Fund Management
To read the Nine Entertainment side of the story, the prospectus can be read here.