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Shipbuilder Austal preps $200m-plus equity raising; founder sells

Austal, the ASX-listed shipbuilder that attracted four suitors over 2023 and 2024 but couldn’t pin down a bid, was rattling the tin on Tuesday morning.

Austal chairman and former US Navy chief Richard Spencer. 

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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
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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

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Original URL: https://www.afr.com/street-talk/shipbuilder-austal-prepares-equity-raising-euroz-on-ticket-20250311-p5likr