Share issue gives clues on Genesis Energy IPO price

The government has just issued another 460 million Genesis shares – presumably so it can set a more palatable price range for the upcoming initial public offer.

The change, which was approved on Monday, sees the total number of Genesis shares on issue boosted from 540.56 million to an even one billion.

The shares are currently jointly held between the Minister of Finance and the Minister for State-owned enterprises.

 

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