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…
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