Financial services software firm Bravura has announced an initial public offer price of $1.45 to raise a total of $148 million.
On completion of Bravura's IPO, new shareholders are expected to hold 48 per cent of the company's shares.
The offer comprises an institutional offer fully underwritten by Goldman Sachs and Macquarie Capital; a broker firm offer; an employee offer; and a priority offer to selected investors.
The prospectus was released on Friday 28 October, and the broker firm, priority and employee offers open on Monday, 7 November and close on Friday, 11 November.
The shares are expected to commence trading on the ASX on a normal settlement basis on Friday, 18 November, said the company.
Fort Street Advisers is Bravura's financial adviser and Clayton Utz is acting as the legal adviser to the IPO. Goldman Sachs and Macquarie Capital are acting as joint leaders managers to the IPO.
Read more:
Future Fund sounds warning on returns
NZ infrastructure pipeline not enough, says ISA
Macquarie half-year profit slips
Investor confidence is on the rebound and the ASX hit a 12-year high on Monday. But it’s not all good news for the Australian economy. ...
While the Asia-Pacific region, excepting Japan, saw the world’s strongest dividend growth in the past decade, Australia has barely shown a...
One fund manager will release a new exchange-traded fund that will provide investors access to one of the fastest growing economies in the w...
Get notifications in real-time for staying up to date with content that matters to you.
