Business
HWL Ebsworth downsizes IPO, raising $151m at $2.30 – The Australian Financial Review
Law firm HWL Ebsworth has repriced its initial public offering and will now seek to raise $155 million, up to $100 million less than it previously planned.
Law firm HWL Ebsworth has repriced its initial public offering and will now seek to raise $151.4 million, up to $100 million less than it previously planned.
HWL Ebsworth managing partner Juan Martinez is named as the managing director of Alarcon, the holding company that would own the law firm and list on the ASX. Arsineh Houspian
The repriced deal implied a $407.4 million market capitalisation for Alarcon HWL’s name upon listing or 11-times forecast profit.
The raising was split between a $20…
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