Non-bank lender Qualitas wants to tap the expanding market for sale-and-leaseback transactions to drive growth, according to its prospectus for a float that would give it a $735 million capitalisation.
It wants to raise $335 million in new shares - equivalent to 45.6 per cent of its existing capital - in the IPO, which would have the 13-year-old company begin trading on the ASX just before Christmas.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
