US food giant Kraft Foods, a subsidiary of Philip Morris, has provoked criticism in the investment community for setting the price range of its initial public offering at US$26 to US$31.
The IPO is set for completion by the end of the second quarter, and will be the second largest new stock offering in US history.
just-food.com has just published a feature outlining analysts’ reaction to the IPO. To read it, click here.
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