QR National Share Offer

Posted on by

The commercial businesses of Queensland Rail (QR) were separated from the Government’s public transport business on 1 July 2010, and QR National was formed. QR National is one of the world’s largest rail transporters of coal from mine to port and they will be listed on the Australian Securities Exchange (ASX). To apply for the Share Offer or to obtain a copy of the QR National Share Offer Document, visit the QR National Share Offer website. Apply now for the QR National Share Offer.

Australia’s largest rail freight company QR National Ltd has launched the pre-registration stage for one of the nation’s biggest ever public share offers. Investors will be able to pre-register to the initial public offer (IPO) until 8th Oct.

Investors will pay up to $3 a share of QR National freight rail business when it floats on November 22. The indicative share price range is between $2.50 and $3, with individual investors to pay no more than $2.80 per share. The indicative enterprise value of QR National is between $6.6 billion and $7.8 billion including debt, making it one of Australia’s top 50 companies.

The retail price, institutional price and the basis of allocation will be announced on November 22, and QR National shares will begin trading on a conditional and deferred settlement basis on the ASX the same day.

qr national share price | qr national prospectus | qr national shares | Queensland rail national

7 thoughts on “QR National Share Offer”

  1. I would steer with great caution in directly investing in anything that is partially owned by the Government. I don’t think its a wise investment at all.

  2. Labor are going to sell-off this large chunk of Queensland rail, forever, simply to pay 18 months interest on the state debt that is rocketing up to $85bn.

  3. I feel this a great way for many Australians to acquire QR National shares in an Australian company, we cant wait for ours.
    qr national ipo

  4. The Queensland state government’s float of QR National is one of the largest offers in Asia this year and a litmus test for the bruised IPO market which bankers hope is on the verge of a recovery.
    qr national float

  5. The Bligh Labor Government’s been crying poor, and telling Queenslanders it needs to sell off $15 billion worth of assets including road, rail, port and forestry to get the state back into the black. Premier Anna Bligh’s privatization of the state-owned QR National has angered unions and QR National workers.

  6. QR National Share Offer!!!! I’ve got money to burn, is this worth investing in? this may or may not be true depending on the future performance of these shares.