Yesterday
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
APRA warned Cuscal on risk settings ahead of IPO
The payments company, set to list on the ASX next week, is working with the regulator to improve compliance systems after an external review disclosed in its prospectus.
- James Eyers and Lucas Baird
This Month
Software unicorn SafetyCulture to be run from New York with new CEO
SafetyCulture’s founder Luke Anear says he never really wanted to be chief executive, and that the company may be more likely to go public under Kelly Vohs.
- Amelia McGuire
- Exclusive
- Private equity
Greencross names new CEO as TPG eyes exit path
The new chief executive of the vet clinics and Petbarn and City Farmers pet stores arrives amid intense competition from Woolworths and other big retailers.
- Carrie LaFrenz
Craving copper? $502m miner Marimaca preps ASX listing
Sources said CEO Hayden Locke has been encouraged by TSX-listed $C7.5 billion Capstone Copper’s ASX listing earlier this year and sees it as a template for Marimaca.
- Sarah Thompson, Kanika Sood and Emma Rapaport
With CBA shares at $155, the IPO ice age is finally thawing
Fund managers and experts say 2025 should bring a more lively market for new listings, bolstered by interest rate cuts, new merger laws and pent-up demand.
- Simon Evans
Book covered for Cuscal $479m IPO
Street Talk understands the book for the payments infrastructure business was covered at a fixed price of $2.50 a share on Friday morning.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Di Pilla’s data centre REIT in $362m fee grab
If DigiCo gets off the ground – which it looks like it will – HMC Capital can expect at least $85 million in extra revenue in the first year. And 12 brokers will take home $107 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bells closes retail book early for DigiCo IPO; Morgans hits $500m
Every indication is the deal would rapidly get to $1 billion from the retail channel, which puts it on track to take the crown of 2024’s biggest IPO from Mexican-themed restaurant chain Guzman Y Gomez.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Frozen Perth fund made a big bet on a German cannabis stock
Accounts for the $70-odd million vehicle show more than a third of its FUM is held in a single unlisted medicinal company.
- Sarah Thompson, Kanika Sood and Emma Rapaport
High-profile Perth fund manager freezes redemptions
Merchant’s other fund, the biotech fund, remains open, liquid and top-performing, delivering 24.73 per cent returns over the past six months.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Montessori Academy childcare founders reclaim control
Street Talk wouldn’t be surprised to see bankers add Montessori Academy to their list of IPO prospects as 95 per cent of the business transfers to the founders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Di Pilla’s bolt from the blue snatches biggest IPO of the year
Six months ago, no one saw this float coming. But at $1.65 billion, it is the largest raising for a new Australian company since 2018.
- Anthony Macdonald
Inside David Di Pilla’s plans for a blockbuster $1.6b data centre IPO
Should Di Pilla succeed in raising $1.6 billion for the $2.6 billion float, it would take the crown of 2024’s biggest IPO from Guzman Y Gomez.
- Sarah Thompson, Kanika Sood and Emma Rapaport
David Di Pilla flags $4b data centre float
Di Pilla’s group, HMC Capital, now has $2.5 billion of digital infrastructure assets in its control. It plans to spin off the portfolio and list it on the ASX.
- Nick Lenaghan
ASX aspirant Cuscal nabs cornerstone investment: book message
Bank of America told the market last week that the business was set to file its prospectus and kick off a $336.8 million bookbuild on November 21.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Petro Australis Energy books non-deal roadshow for 2025 IPO
Petro Australis’s IPO preps come after the company raised $24 million by selling 25 per cent at an $84 million post-money valuation in June.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Crunch time for Cuscal’s $479m float
As of Thursday evening, details of which funds are cornerstoning the float – aka writing the biggest cheques – were thin on the ground.
- Sarah Thompson, Kanika Sood and Emma Rapaport
From one wheelbarrow and a ute to a $437m ASX listing
Symal Group founder Joe Bartolo started from humble beginnings in 2001 to build his construction group into a large enough player to float on the exchange this year.
- Simon Evans
October
Deal done: Symal raises $136m for ASX debut
The Victorian construction business will commence trading on the ASX on November 21.
- Sarah Thompson, Kanika Sood and Emma Rapaport