Business
PEXA in snap IPO bookbuild; bids at $3.3b valuation – The Australian Financial Review
PEXA’s four lead managers have run a snap bookbuild to firm up the initial public offering bid into the company’s dual track auction.
Should the shareholders sign off on the float, PEXA shares would trade on the ASX from July 2 and the company would start listed life with a $3 billion market capitalisation.
The IPO bid would allow Link to retain its 42.6 per cent stake, while Morgan Stanley Infrastructure Partners would sell out in full. Commonwealth Bank of Australia would increase its stake to 17.4 per cent from 15.3 per cent, according to terms sent to potential cornerstone investors.
The bookbuild opened after market on Friday…
-
Noosa News23 hours agoNRL live updates: Newcastle Knights vs Melbourne Storm, St George Illawarra Dragons vs Sydney Roosters, North Queensland Cowboys vs Canterbury Bulldogs
-
Noosa News15 hours agoUnlawful wounding charges, Caloundra – Sunshine Coast
-
Noosa News24 hours ago‘Shocked’ Labor calls in corruption watchdog over CFMEU report
-
Noosa News24 hours agoCreating space for cultural pride – Proctor