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Stock impact report

UPDATE 2-Australia's Inghams shares rise on debut after listing size halved [Reuters]

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Company Research Source: Reuters
(Recasts to show Inghams shares rise, adds quotes from TPGadvisor, adds quotes regarding Alinta Energy IPO) SYDNEY Nov 7 Shares in Australia's biggestchicken producer Inghams rose nearly 1 percent on theirmarket debut on Monday, as private equity firm TPG CapitalManagement LP's move to nearly halve the listing's size boostedits first day of trading. The shares were trading at A$3.18 by 0410 GMT, 0.95 percentabove the A$3.15 listing price and bucking a trend of generallyweak appetite for initial public offerings in Australia. Thebroader market was up 1.2 percent. "There are a lot of stocks that are being belted on the backof the uncertainty around the U.S. presidential election but itis a good business at an attractive price," said an adviser toTGP, who declined to be identified as he is not authorised totalk to the media. A TPG spokeswoman declined to comment. TPG on Friday slashed the amount it planned to raise in theInghams listing to A$596 million ($457 Show less Read more
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