Singtel subsidiary Optus may be listed in Australia
Singtel's Australian subsidiary, Optus, may be listed in Australia through an initial public offering.
![Singtel subsidiary Optus may be listed in Australia](https://ussnsimg.moomoo.com/1656310515036-random3351-102449330-android-org.gif/bigmoo)
The Australian newspaper, The Australian, cited sources as reporting that the total value of Australis' IPO plans ranged from A$8 billion (approximately S$7.67 billion) to A$12 billion. Investment banks Goldman Sachs and Morgan Stanley are involved in the initial public offering.
Optus' operating revenue for the year to the end of March fell by 5.8% year-on-year to A$7,836 million. Operating earnings before tax (EBIT) rose 32% year-on-year to A$249 million.
SingTel has announced that from next month, Optus Enterprise, which was part of SingTel's corporate business, will be managed directly by Optus.
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103014847 : So buy?
LemonYong : More positive news
More scare to buy haha
Anthony Foo : buy more
Felayt OP 103014847 : no advice, but i think it a good news though![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Felayt OP LemonYong : totally ture, more unpredictable hahah. but if you do full reseach on this company, it would be fine.