Links share price sank on the news by more than 4.5 per cent to $5.19 per share in morning trade. Morningstar analyst Gareth James valued PEXA at $2.2 billion in September last year and said the $3.3 billion price tag was a great valuation but warned it came with risks.
The market has started to turn away from technology stocks that become overheated last year during COVID-19 and Mr James said the PEXA listing price could be too high which could disappoint early investors.
Its a risk to over-price…
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