Should you buy South32?

After beginning trading at $2.13, South32 closed at $2.05 on its first day as a listed company.This was at the lower end of expectations and meant a market capitalisation of $10.8bn for Australia’s newest listed miner. But it still makes South32 the third-largest miner on the ASX and a Top 50 business.The media may have already dubbed it a failure but, make no mistake, a giant has been born. Investors now want to know just one thing: should they buy South32?At its current price, the stock trades at a 4% discount to its net asset value. In my view, it’s a...

After beginning trading at $2.13, South32 closed at $2.05 on its first day as a listed company.

This was at the lower end of expectations and meant a market capitalisation of $10.8bn for Australia’s newest listed miner. But it still makes South32 the third-largest miner on the ASX and a Top 50 business.

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