Fairfax India new issue

[thrifty]

Anyone interested or participating?

[karthikpm]

How do you buy this? It just looks like a subsidiary of FFH

[nodnub]

Karthikpm, it's an IPO which hasn't occurred yet, so you can't trade it yet. It looks like an offering for a SPAC focused on India. It's not technically a SPAC.

The Company has applied to have the Subordinate Voting Shares listed on the TSX.


The Company anticipates that its portfolio will be concentrated, provided that the Net Proceeds of the Offerings will be invested in at least six different Indian Investments, such that no single investment is expected to have an overly undue impact on the performance of the Company.

[Pauly]

https://ca.finance.yahoo.com/news/fairfax-india-prices-us-500-154800683.html

Looks like it should start trading soon. I'm very optimistic about India's future and having Prem directly running some money there sounds pretty good to me.

[moody202]

Is this still on schedule for Jan 30th?

[valueinvesting101]

An application has been granted for the original listing in the Industrial category of up to 108,078,947 subordinate voting shares (the "Shares"), of which up to 70,578,947 Shares will be issued and outstanding, and up to 37,500,000 Shares will be reserved for issuance upon completion of an initial public offering (the "Offering") and the concurrent private placements.

The Shares will be traded in U.S. funds. Accordingly, they will appear under the heading U.S. funds in newspapers and the Exchange's Daily Record and Monthly Review.

Listing of the Shares will become effective at 5:01 p.m. on Thursday, January 29, 2015 in anticipation of the Offering closing on Friday, January 30, 2015. The Shares will be posted for trading at the opening on Friday, January 30, 2015 upon confirmation of closing.

[bearprowler6]

Trading in Fairfax India to commence today on the TSX:

http://www.fairfax.ca/news/press-releases/press-release-details/2015/Fairfax-India-Completes-US1-Billion-Offering-Comprised-of-US500-Million-Initial-Public-Offering-and-US500-Million-Private-Placements-and-Will-Commence-Trading-Today-on-the-TSX/default.aspx

[Pauly]

Did anyone buy in today? There doesn't seem to be a way to value this besides Prem Watsa + India = $$$.

I'm tempted to start a position soon for two reasons.

1) Prem Watsa + India = $$$ 

2) This has the faint air of a spinoff of the Fairfax brand. As such it might take time to be recognized properly by the market. The less than explosive debut today reinforces this feeling.

Speculative? I suppose it is since it has no holdings. But it's FFH, how speculative could it be?

Can anyone dissuade me?

[Hawks]

Added to my position today. Good entry point into India imo. Can't wait for Prem to make his picks.

[karthikpm]

Anyone know if there is a OTC equivalent yet in the US?