HLI – Helia Group

hi any interest for this coy? Largest IPO of the year at $700m raising

$2.20 to $2.90 a share
approx 6.5 to 8.2 PE ratio
yield 6.7 to 8.9% fully frank

in the midpoint of the range $2.55 – it is 7.35PE and 7.8% fully franked

it is a LMI mortgage insurer – one of two in australia with QBE.
there are lots of risks in the prospectus
on raw numbers, yield and PE ratio attractive if at midpoint of the range.