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05 November 2025 by Adrian Suljanovic

RBA near neutral as inflation risks linger

Economists have warned inflation risks remain elevated even as the RBA signals policy is sitting near neutral after its latest hold. The Reserve ...
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Two fund managers announce C-suite appointments

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Former AI-software company CEO pleads guilty to misleading investors

Former chief executive of AI software company Metigy, David Fairfull, has pleaded guilty after admitting to misleading ...

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US trade tensions reducing with its Asian partners

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Wall Street wipeout tests faith in AI rally

After a year of remarkable growth driven by the AI boom and a rate-cutting cycle, signs that this easing phase is ...

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Corporate watchdog uncovers inconsistent practices in private credit funds

ASIC has unveiled the results of its private credit fund surveillance, revealing funds are demonstrating inconsistent ...

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Austock set for Dec listing

  •  
By Stephen Blaxhall
  •  
4 minute read

Financial services group Austock expects to launch on the ASX by the end of the year.

Austock is expecting to list on the Australian Securities Exchange on December 17, following the release of its prospectus to ASIC.

The diversified financial services group is to offer six million shares at $1.80.

On listing, Austock will have a market capitalisation of $214.3 million.

The share offer opens on November 20 and closes on December 6.

 
 

The group, formed in 1991, employs more than 200 staff with offices in Melbourne, Sydney, Brisbane and Chicago and has affiliations in the United Kingdom and Europe.

In 1997 the group established Austchoice, the first cooperative of financial planners in Australia.

Deakin Financial Services acquired AustChoice in 2004.

In September the group's subsidiary Austock Asset Management hired former Challenger staffer Alan Sheen as its new managing director.

Sheen is responsible for over $400 million in Austock funds.