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This Month

HMC Capital boss David Di Pilla said weaker trading volumes leading into Christmas had hurt DigiCo’s early share price performance.

HMC goes on the offensive to woo market bearish on its data centres

The asset manager showed dozens of institutional investors and analysts around its major Sydney site, pointing to optimistic research to back up its plan.

  • Tess Bennett
David Aylward, Tribeca founder, doesn’t need fundraising expert (and one-time equity backer) GSFM anymore.

Tribeca expands distribution headcount with Australian Ethical hire

The firm, home to well-known fund managers including Ben Cleary and John Stover, has doubled its distribution headcount with new hires in Sydney and Singapore.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Mason Stevens chief executive Tim Yule.

PE firm Adamantem Capital swoops on IPO-candidate Mason Stevens

Street Talk understands an agreement was signed between the two parties on Wednesday morning, handing over the keys to 100 per cent of the company.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Trust between public and private markets investors is at rock bottom.

Private equity’s musical chairs rub salt into sore wounds

These trades drive public and private markets investors further apart when they need each other more than ever.

  • Anthony Macdonald
David Di Pilla’s HMC Capital has been sold off worse than its new listing, DigiCo Infrastructure REIT.

Lapped up at $5, unloved at $4.30 – Di Pilla’s year-end IPO shocker

How do you turn on sentiment if nothing has changed and at a time of the year when institutions turn off the taps?

  • Anthony Macdonald
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David Di Pilla at the bell-ringing ceremony for the float of DigiCo REIT.

‘Instant gratification’ investors drive 14pc fall in data centre float

Investors have sold out of data centre landlord DigiCo after it failed to fire up following its much-hyped float on Friday, say brokers.

  • Larry Schlesinger
HFS partners Raji Azzam and Kam Jamshidi.

PE deal makers tipped to “get creative” in 2025 as exits mount

The payday isn’t as big for the equity capital markets bankers, a backdoor listing lacking the hoopla of an IPO. But whatever works to get things moving.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
HMC Capital’s David Di Pilla is about to pull off one of the deals of the year.

‘Overvalued’: Early verdict on DigiCo float feels like a GyG rerun

David Di Pilla cleverly and quickly seized on the hottest story in markets to get his listing away. But a bigger debate is brewing on the data centre sector.

  • James Thomson
Markets at all-time highs haven’t seen the flood of floats bankers and the ASX were predicting. But deals can get done.

The five things next year’s IPOs need to make them sing

If next year’s IPO contenders can tick these boxes, they’re a good chance of getting away. If not, they’ll try to use price to bridge the gap, which is never easy. 

  • Anthony Macdonald

November

Is the IPO route right for your business?

While sharemarket floats can access deep capital for growing businesses, it’s essential to explore all available options to determine the right investment path.

  • Gavan Carroll
HMC Capital’s David Di Pilla.

David Di Pilla’s favourite chairman applies some whitewash

The prodigious dealmaker tapped Joseph Carrozzi to be chairman of DigiCo REIT. Just don’t mention his former employer.

  • Mark Di Stefano
Kelly Steckelberg is joining Canva to help its co-founders execute on a closely-watched public listing.

Who is Canva’s new Wall Street weapon?

Canva’s new chief financial officer Kelly Steckelberg has seen the highs and the lows of the tech boom, and starts on Tuesday as Canva heads to an IPO.

  • Amelia McGuire
 Chief executive Craig Kennedy and chairwoman Elizabeth Proust inadvertently pulled the clapper off the bell during the listing ceremony.

Investors strip $36.4m from Cuscal on ASX debut

The cool reception for the company comes after regulators instructed the company to improve its risk controls and scepticism towards payments businesses.

  • Updated
  • Lucas Baird
Andrew Chapman, managing director, Merchant Funds.

Perth’s Merchant Funds has an unusual way of reporting returns

Additional digging into the fund, which has frozen redemptions, found the way it reports annual reports is out of step with the wider funds management community.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Mastercard is one of the major shareholders in Cuscal.

Cuscal closes book for $336 million IPO

The payments infrastructure business is excepted to begin trading with a $479 million market capitalisation on Monday.

  • Updated
  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Di Pilla’s $4b data centre play books December debut on ASX

The much-heralded float from the deal-making dynamo taps into one of this year’s hottest themes across the infrastructure, technology and property sectors.

  • Nick Lenaghan
HMC Capital’s David Di Pilla.

Done deal! Di Pilla’s data centre REIT DigiCo locks its $2.75b ASX debut

It’s Australia’s biggest IPO in six years and adds a new data centre exposure to the ASX.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Hayden Locke is the CEO of Maramaca Copper.

Canadian miner Marimaca Copper taps advisers for ASX debut

The company’s Hayden Locke-led management team is yet to decide if it wants to raise fresh equity as part of the ASX listing or defer it to a later date.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Webjet has gone from one company with its act together to two stragglers.

Wheels fall off the ASX’s new ‘Ferrari’

If the deal was about letting a sports car out of the garage, it drove straight into a freezer. A potential accounting issue is the last thing it needed.

  • Anthony Macdonald
Cuscal is chaired by Elizabeth Proust.

Cuscal allocates two thirds of $336.8m IPO: book message

Payments infrastructure business Cuscal is picking up pace as it eyes a $479 million float.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Original URL: https://www.afr.com/topic/initial-public-offering-1mx1