Bravura announces details of IPO

Bravura announces details of IPO

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

IOOF dodges shareholder class action

AMP flags life insurance losses

Related Articles


Bravura announces details of IPO
investordaily image
ID logo
promoted stories


Neil Cochrane

First State Super CEO to retire


Pally Bargri

AMP chief risk officer for advice departs

Killian Plastow

investordaily image

TCorp to expand investment business team



investordaily image

The perils of chasing niche infrastructure

Frithjof van Zyp

investordaily image

Finding global opportunities as volatility rises

Garry Laurence

Lucy O'Carroll

What causes recessions, and can we predict them?

Lucy O'Carroll