A chunk of Gentrack Group shares was on offer on Tuesday, after Shaw and Partners launched a $61 million block trade in the dual-listed software maker.
Shaws was sole lead manager on the transaction, with the block of 10.2 million shares representing 10 per cent of the company. The deal was priced at $5.97 apiece, a 5 per cent discount to the last close and a far cry from the $2.50 share price this time last year.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
