Mike Hill’s investment firm froze redemptions from its main fund last year, as markets remained shut for pre-IPO companies and its listed bets underperformed.
Float away! Bombora prepares five investments for the ASX
Share
Every broker on the street will be cosying up to growth-focused fund manager Bombora Investment Management over the next couple of months.
Bombora’s Gregg Taylor and Mike Hill.
Kate Geraghty
By Street Talk’s count, the busy Sydney-based money manager has five early-stage investments positioning for the local bourse this year, and will need supportive brokers to help with the initial public offerings.
Already this year, Bombora-backed pet services marketplace Mad Paws locked in $12 million for its IPO, in an ASX debut valuing it at $42.9 million market capitalisation. That deal was handled by brokers Foster Stockbroking and CCZ Statton Equities, and came as Seattle-based online pet sitting marketplace Rover – a similar business offshore – signed its own $US1.35 billion deal.