Electronic conveyancing group PEXA is set to officially hit the ASX in late June after a deal thrashed out over the weekend, with the chief executive of major shareholder Link Group saying the $3.3 billion IPO represents an “outstanding outcome” compared with an outright cash sale.

Link, which runs share registries and superannuation administration businesses that have battled to deliver acceptable returns, will lift its stake in PEXA to 47 per cent from 44 per cent under a deal sealed over the weekend. It is the jewel in the crown in Link’s stable of assets.