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
An Australian investment manager has tipped that as pandemic volatility is expected to force a 30 per cent reduction in dividends, active ma...
Morningstar analysts have forecast a “troubling” outlook for the banks ahead, expecting the rise of unemployment and business closures w...
One of the world’s largest investment banks has warned that emerging market economies have the most to lose in the outbreak. ...
Subscribe to our newsletter
Get notifications in real-time for staying up to date with content that matters to you.
