The Distillery: Dick Smith bravado

One jotter argues Dick Smith’s IPO is overvalued, while another sees Saputo’s ‘sweetened’ WCB bid as anything but, and could get messier.

Commentators typically have to look far and wide for fodder as the year winds down but, with the IPO market set for a big finish to the year, there should be plenty of stories worth chasing as Christmas approaches. The eagerly anticipated float of Dick Smith Holdings is one such example, with the release of its prospectus provoking a concerned assessment from one scribe.

Over at Gina Rinehart’s coal joint venture in Queensland, developments have led one commentator to note that the consortium is also not short on ambition.

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