Business
PEXA back in the IPO pipeline, banks line up – The Australian Financial Review
Sanity has prevailed at PEXA.
Its bookrunners from the 2018 attempt – Macquarie Capital and Morgan Stanley – are likely to be involved again this time. Macquarie is already one of Links advisers, running the PEXA auction alongside UBS.
Morgan Stanley knows the business well, having overseen the 2018 attempt, and is close to PEXAs other big shareholder Morgan Stanley Infrastructure Partners.
We assume UBS would also get a ticket on any PEXA float, given its existing work for Link, making for a hefty three bank syndicate.
The…
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