Link to keep 43pc ahead of PEXA IPO
Jessica SierNorth Asia correspondent
Link Group will emerge with 42.8 per cent of PEXA and $180 million in cash proceeds ahead of the electronic conveyancing group’s ASX debut on Thursday.
PEXA will be the biggest float on the ASX since 2019 and after months of deal making around its prize asset, Link has retained a substantial shareholding and will use the cash from the $1.18 billion IPO to pay down debt.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
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