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Magellan soars past $1.5bn for massive IPO

Magellan's new listed investment trust (LIT) has raised $1.55 billion ahead of listing on the ASX next week - representing one of the largest IPOs for a listed investment vehicle.

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Read more: ASXLITMagellan Global TrustBrett CairnsHamish DouglassMGGStefan Marcionetti