Share Market Investing – WAM Global (WGB) to be released to Australia

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Wilson Asset Management has launched an initial public offering (IPO) for their soon to be listed Global investment company (WAM Global Limited – ASX WGB), which aims to invest in undervalued international growth companies. Initial shares are offered at $2.20, which will match the pro-forma Net Asset Value of the company. Some of the other funds managed by Wilson (WAM Capital Limited – ASX: WAM, WAM Research Limited – ASX: WAX) currently trade approximately 15% higher than their pre-tax net tangible asset value. Based on the above, WGB may provide a good opportunity to make some money. This offer is only open if you are a resident of Australia or New Zealand. More here.

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