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$100m-plus-a-year Symal seeks ASX listing; hires two banks

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Add a new name to this year’s rather limited list of IPO candidates.

Street Talk understands Victorian civil construction contractor Symal has mandated investment bank Jarden to secure its entry to the ASX boards, as it charges towards $1 billion revenue and $100 million-plus earnings before interest, taxes, depreciation, and amortisation for the 2025 financial 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
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/victorian-construction-group-symal-mandates-banks-for-500m-float-20240930-p5keod