Neilson's Platinum Asset Shares Will Surge on Debut, Credit Suisse Says

(Bloomberg) -- Shares of Kerr Neilson's Platinum
Asset Management Ltd., Australia's biggest hedge fund, may rise
as much as 37 percent when they start trading on the Australian
Stock Exchange tomorrow, Credit Suisse Group said.

Platinum sold A$561 million ($462 million) of shares to
individuals at A$5 each. The asset manager, which invests in
international stocks and oversees A$22.2 billion, is worth A$6.85
a share, Credit Suisse analyst Arjan van Veen estimates.


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