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Showing 121 - 130 of 489 results for "IPO"

ASIC provides relief for naked short selling

HARRISON WORLEY  |  TUESDAY, 9 OCT 2018
... naked short selling in the context of initial public offering sell downs where a special purpose company offers shares to IPO investors before it has an unconditional right to those shares. ASIC also said the instrument would provide firms with the option ...

Pinnacle launches new affiliate

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... as we both believe strongly in the boutique model and the benefit of alignment." Firetrail Investments recently launched an IPO under Pinnacle's banner, raising up to $304.5 million. Pinnacle recently acquired a 40% equity stake in a Melbourne boutique ...

Powerwrap appoints head of operations

JAMIE WILLIAMSON  |  THURSDAY, 20 SEP 2018
Powerwrap is welcoming a new head of operations as it continues preparations for its IPO. The platform and managed accounts provider has appointed Andrew Hartnett to the role, expanding its senior management team. Hartnett was most recently head of ...

Firetrail to launch $305m IPO

KANIKA SOOD  |  THURSDAY, 13 SEP 2018
... lodged a prospectus with ASIC on Tuesday for its listed investment company, to be called Firetrail Absolute Return Limited. The IPO follows successful capital raising by the manager. It expects to have $2 billion by the end of September - double its ...

Advisers warming up to LICs

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
... participation in the IPOs of listed investment companies has jumped by nearly 30% since July last year, according to a leading IPO specialist. SeedPartnerships director Chris Clayton says until last year about 80% of LIC floats were taken up by brokers ...

Boutique manager to launch LIC

KANIKA SOOD  |  MONDAY, 3 SEP 2018
... feasibility operations, mining projects, engineering and design businesses, transport and logistics and service providers. The IPO general offer closes on September 26 and the LIC is expected to list on the ASX on October 12 under the ticker code TGF. ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... distribution of 5.25% per annum, paid monthly. The manager said the offer has surpassed its minimum raise of $150 million. The IPO, which opens today, will run until September 7. Junk bonds and SMSFs: an unlikely match? As rates have come down globally ...

Former Magellan executive appointed to Contango board

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
Contango Asset Management has snapped up a former Magellan C-suite executive as an independent director. Nerida Campbell is joining Contango Asset Management's board as an independent non-executive director. She held key executive roles at the Hamish ...

Boutique fund manager eyes second LIC

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... to raise upwards of $300 million for the new venture. Cadence Capital confirmed it will launch an initial public offering (IPO) for the Cadence Opportunities Fund (ASX:CDO) in the coming months. It plans to trade more actively than the firm's first self-titled ...

Financial services executives in the money

JAMIE WILLIAMSON  |  FRIDAY, 13 JUL 2018
Following a highly successful IPO and 41% increase in funds under administration, the last 12 months has seen Netwealth's Michael and Matt Heine named among Australia's richest executives. Netwealth joint managing directors Michael and Matt Heine have ...