Antipodes IPO raises over $300m

Antipodes IPO raises over $300m

Listed investment company Antipodes Global Investors has announced the closure of its initial public offering after raising over $300 million.


The Antipodes Partners-managed LIC is expected to list on the ASX on 18 October 2016, and Antipodes Partners chief investment officer Jacob Mitchell says the offer proved quite successful.

“The LIC has struck a chord with investors seeking global equity exposure with an innate focus on capital preservation,” he said.

“In addition to assisting investors to globally diversify their portfolios, the LIC will be focused on performance and income generation though the market cycle.”

The closure comes a week after the company announced it was approaching its maximum subscription limit of $330 million, after which it would no longer accept subscriptions.

According to the Antipodes Global Investment Company, this represents the third largest IPO raising for an LIC in Australia.

 

Antipodes IPO raises over $300m
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