Business
DDH1 seeks $150 million IPO at 5.3x earnings – The Australian Financial Review
Oaktree Capital Management’s drilling business DDH1 Ltd has put a $150 million initial public offering to fund managers.
Funds were told that DDH1s founders would sell down their 53.7 per cent stake to 34 per cent, and Oaktrees 41.8 per cent stake would turn into 22.1 per cent upon listing.
The institutional bookbuild was scheduled to open at 10am on Thursday, and close on Monday February 8.
DDH1 is the operator of Australias largest fleet of surface diamond core, reverse circulation and aircore drilling rigs. The company owns 95 drilling rigs and services big money clients like Newcrest, Newmont, Rio Tinto, BHP,…
-
Noosa News21 hours agoBob Katter threatens to punch Nine reporter during ant-immigration press conference
-
Business21 hours agoDicker Data rides the AI trend to double digit growth
-
Noosa News21 hours agoBob Katter threatens Channel 9 journalist for asking question on family heritage
-
Business24 hours agoForget CBA shares, this ASX 200 financials stock could be a better buy