Broadband network builder OptiComm has raised $42.4 million for an initial public offering that values the company at $208.2 million on a market capitalisation basis.
It is understood stockbroker Morgans has underwritten the deal following a quick institutional marketing period and bookbuild last week, and its retail brokers will find a home for the remaining shares in coming weeks.
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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
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
