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(Bloomberg) GQG Partners Inc., the investment boutique started by fund manager Rajiv Jain, plans to raise as much as A$1.3 billion ($956 million) from an initial public offering in Australia, joining some of the largest new local listings this quarter. The Fort Lauderdale, Florida-based money manager, which had about $89 billion in assets under management at the end of August, plans to issue 593.5 million shares at A$2 to $2.2 each, according to a document sent to potential investors and seen by Bloomberg News on Friday. The company is looking at an enterprise value of as much as A$6.5 billion. A deal of that size would rank it among the largest new listings this quarter. Australia hasn’t had a new public float bigger than GQG’s proposed offering since the 2018 debut of another money manager, L1 Long Short Fund Ltd., according to data compiled by Bloomberg. The October-December period is historically the busiest for IPOs down under. GQG Partners is planning an institutional bookb ....
These 8 ASX shares are going ex-dividend this week fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
After a thumping year, L1 Capital to expand fund offerings fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.