Australian brewing and wine group Foster’s said today that the indicative application price for institutions in its initial public offering of its Australian Leisure & Hospitality Group is expected to be in the range of A$2.00 to A$2.50.
The total number of ordinary shares available under the offer for the pubs, clubs and liquor retail business is 352.5 million.
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Following its listing on the Australian Stock Exchange, ALH is expected to have a market capitalization of between A$705m and A$881m.
