Mighty River Stock a `Long-Term Holding'

Mighty River Stock a `Long-Term Holding' Play

May 10 (Bloomberg) -- Andrew Bascand, managing director at Harbour Asset Management Ltd., talks about Mighty River Power Ltd.'s initial public offering. Mighty River first traded at NZ$2.73 in Wellington compared with the NZ$2.50 offer price, valuing the Auckland-based company at NZ$3.8 billion ($3.2 billion). Bascand speaks from Wellington with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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