Business
PEXA heads to $3.3b IPO after KKR’s surprise bid falls over – The Sydney Morning Herald
Online property conveyancer PEXA is lining up as the biggest ASX float since 2019 after its largest shareholder, Link Administration, closed the door on a trade…
Online property conveyancer PEXA is being lined up as the biggest ASX float since 2019 after its largest shareholder, Link Administration, said it has closed the door on a trade sale of the platform.
Link has told the two suitors – private equity group KKR and Canadian group Dye & Durham – that the trade sale process has ended. The decision by Link means the managers of the mooted initial public offering (IPO) have successfully gazumped the surprise $3.1 billion offer lobbed by KKR, which was due…
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