Cow bell opens trading

A cow bell will ring to open trading on the New Zealand share market this morning to recognise the launch of Fonterra units.

They’ve been issued at $5.50.

Question of the day: what will they sell for now?

The other question is how many have bought to trade and how many are there for the long haul?

One Response to Cow bell opens trading

  1. And those who bought to trade better remember that profit from their sales will be taxable, because IRD will, and they have the dairy sector firmly in their sights.

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