Magellan Global Trust raises $1.55bn

Magellan Global Trust raises $1.55bn

Magellan’s IPO of its new listed investment company, the Magellan Global Trust, has indicatively raised $1.55 billion.

The Magellan Global Trust IPO has closed after raising $1.55 billion from new and existing investors.

The estimated cost of the offer, which will be paid for by Magellan, is approximately $84 million before tax and net of recoverable GST.

Units offered under the priority offer are expected to be allotted on Thursday, 12 October 2017, and units offered under the broker firm and general public offers will be allotted the next day.

The Magellan Global Trust is expected to begin trading on the ASX on Wednesday, 18 October 2017.

Magellan’s executive chairman Brett Cairns said, "We are very pleased with the significant support Magellan has received from both new and existing investors. This has been an important offering for our firm and we are delighted with the results."

Taylor Collison acted as the lead arranger to the broker firm and general public offer. CommSec, NAB and Ord Minnett acted as joint lead managers.


Related Articles


Magellan Global Trust raises $1.55bn
Magellan Global Trust, Magellan
ID logo
promoted stories


Stephen Glenfield

FASEA appoints new chief executive


David Murray

David Murray starts as AMP chairman


Adrian Went

ANZ names new group treasurer



investordaily image

Super shouldn’t be a lottery

Tim Stewart

investordaily image

Can infrastructure equities cope with rising rates?

James Lydotes

James Swanson

Is this as good as it gets?

James Swanson