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Ashurst advises MLG Oz on its IPO and ASX listing
Global law firm Ashurst has advised integrated mine site services and logistics provider, MLG Oz Limited, on its initial public offer and listing on ASX.
The IPO comprised the issue of 50 million new shares, combined with a sell down of 20.7 million existing shares by MLG’s founder, Murray Leahy (who will continue to hold at least a 50.1% interest in MLG). The price of shares under the IPO was A$1.00 per share, representing an implied market capitalisation of approximately A$145.7 million. At close of trade on its first day of trading, MLG’s market capitalisation was A$184.3 million (with a share price of A$1.265).