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It takes nerves of steel to launch a capital raising in this market

Austal is betting that its unique story – building ships for Donald Trump’s America - can support a capital raising in the worst market conditions we’ve seen in months.

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It takes a special company to launch a chunky equity raising on a big down day. It takes an even more special story to pair said raising with a hefty founder sell down – usually regarded as a bad thing – to make for an even bigger deal with more shares to sell into a falling market.

Yet, here we are on Tuesday.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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    Original URL: https://www.afr.com/chanticleer/it-takes-nerves-of-steel-to-launch-a-capital-raising-in-this-market-20250311-p5likb