Opus

**Mike.Gayner** · 24-09-2007, 05:02 PM

Any thoughts on this IPO?

**AMR** · 24-09-2007, 07:55 PM

They're the No1 engineering consultancy in terms of revenue, 2nd in terms of profits (Beca is No 1 there). Civil engineering is quite hot worldwide and has been for a while now, and they have no exposure to the US (from memory, they also have offices in the UK, Canada, and Ozzie.)

**Dr_Who** · 24-09-2007, 08:52 PM

Why are they floating?

**Mike.Gayner** · 24-09-2007, 10:21 PM

http://www.nzherald.co.nz/section/3/...ectid=10465509

**Dr_Who** · 25-09-2007, 09:34 AM

It looks like the owners (private equity) is cashing up by offloading it to the public. Not my cup of tea.

**TwinkleToes** · 25-09-2007, 12:10 PM

Originally Posted by Dr_Who

It looks like the owners (private equity) is cashing up by offloading it to the public. Not my cup of tea.

Owners retaining 51%. Staff retaining 24%. Looks good to me.

**baxter** · 25-09-2007, 04:17 PM

It looks like Fishers will be in, and as they and all the other fund managers will be flush with kiwisaver cash I can't see much being left for anyone else. I'll take my lead post float from Fishers.

**Mike.Gayner** · 25-09-2007, 05:02 PM

I will be waiting with baited breath on details regarding oversubscription etc - depending on the quality of the accounts RE: the prospectus (hopefully tomorrow), I might be quite keen on a parcel - but as you say, Baxter, there may not be a lot left with such a small float on a potentially great company.