SHAREMARKET FLOATS – AUSTRALIA

Fortescue pair strike gold with Greatland

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Original article by Brad Thompson
The Australian – Page: 13 & 15 : 2-Jul-25

Greatland Resources’ recent Australian sharemarket float has been a financial boon for chairman Mark Barnaba and deputy chair Elizabeth Gaines. Their stakes in Greatland are estimated to be worth about $10.3m and $5.4m respectively. Barnaba and Gaines are also directors of pure-play iron ore miner Fortescue; Wyloo, the private company of Fortescue’s founder Andrew Forrest, has an 8.2 per cent stake in Greatland, which is now dual-listed on the ASX and London’s AIM sub-market. A third Greatland director, Yasmin Broughton, was appointed to Fortescue’s board yesterday.

CORPORATES
GREATLAND RESOURCES LIMITED – ASX GGP, FORTESCUE LIMITED – ASX FMG, WYLOO METALS PTY LTD

Virgin Australia shares take off on ASX despite Mid-East jitters

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Original article by Chris Zappone
The Sydney Morning Herald – Page: Online : 25-Jun-25

Shaw & Partners’ head of equities Anthony Wilson says the strong demand for Virgin Australia shares bodes well for future IPOs. Virgin Australia CEO Dave Emerson notes that demand for the stock had exceeded the number of shares that were being offered via the IPO, which raised $685m. The stock ended its first day of trading on Tuesday at $3.23, compared with an issue price of $2.90. Hugh Dive from Atlas Funds Management notes that Virgin’s sharemarket debut benefited from a fall in the oil price in response to a proposed ceasefire between Israel and Iran.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VGN, SHAW AND PARTNERS LIMITED, ATLAS FUNDS MANAGEMENT PTY LTD

ASX listings climb with hopes for more

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Original article by Matt Bell
The Australian – Page: 18 : 8-Jan-25

A total of 67 companies listed on the Australian sharemarket in 2024, compared with just 45 in the previous calendar year. It also follows 107 new listings in 2022 and 241 in 2021. However, takeovers and de-listings resulted in the number of companies on the ASX falling from 2,191 in 2023 to 2,116 at the end of 2024. James Posnett from the ASX is upbeat about the outlook for new listings in 2025, noting that there has been increased confidence and renewed interest in listing in recent months.

CORPORATES
ASX LIMITED – ASX ASX

SPC bets on a fruitful ASX future

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Original article by Simon Evans
The Australian Financial Review – Page: 15 : 18-Dec-24

Shares in SPC Global closed at $1.31 on Tuesday, the stock’s first day of trading on the Australian stock exchange after raising $2.4m. The iconic fruit processing company issued new shares at $1.50 apiece following a reverse takeover of The Original Juice Company. That deal expanded the group’s product range and brands, which include SPC, Ardmona and Goulburn Valley; SPC also struck a deal to acquire the Nature One Dairy infant formula and powdered milk business. SPC’s MD Robert Iervasi says the enlarged group will have more bargaining power when negotiating supply deals with Coles and Woolworths.

CORPORATES
SPC GLOBAL HOLDINGS LIMITED – ASX SPC, THE ORIGINAL JUICE COMPANY LIMITED – ASX OJC, NATURE ONE DAIRY

Lew unveils ambitous Premier overhaul

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Original article by Eli Greenblat
The Australian – Page: 13 & 16 : 27-Mar-24

Premier Investments has posted a 2023-24 interim net profit of $177.2m, which is 1.7 per cent higher than previously. Sales rose by 2.9 per cent to $890m, while shareholders will receive a record half-year dividend of $0.63 per share. Meanwhile, chairman Solomon Lew has revealed plans to spin off the Smiggle stationery brand and the Peter Alexander sleepwear business into separately-listed companies in 2025. The proposed demerger of the two flagship plans follows a review of Premier Investments’ assets that was commissioned last year.

CORPORATES
PREMIER INVESTMENTS LIMITED – ASX PMV, SMIGGLE PTY LTD, PETER ALEXANDER SLEEPWEAR PTY LTD

Virgin IPO could be tough sell as bankers question timing

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Original article by Aaron Weinman
The Australian Financial Review – Page: 13 & 18 : 18-Jan-23

Private equity firm Bain Capital is widely tipped to proceed with an IPO of Virgin Australia in the second half of 2023. The mooted sharemarket float could be well-timed, given that airlines are benefiting from a post-pandemic upturn in demand for travel and the reopening of Australia’s borders to international tourists. However, some observers are concerned that demand for travel may peak ahead of the float, as growing pressure on household budgets due to rising interest rates and energy bills prompts them to reprioritise their spending. Some bankers also suggest that the high cost of international airfares and a lower Australian dollar will benefit Virgin, which has shifted its focus to the domestic market under Bain’s ownership.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED, BAIN CAPITAL LLC

My Foodie Box enlists Thermomix as a partner as it seeks to take on Hellofresh and Marley Spoon

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Original article by Cameron England
The Australian – Page: Online : 7-Jan-22

Meal kit company My Foodie Box will make its debut on the ASX on 7 January, after having raised $6 million through what was an oversubscribed initial public offering. It will use the money raised to expand operations from its Perth base, with an initial focus on Sydney and Melbourne. Its prospectus indicates it has a current customer base of over 1,650, generating around $105,000 per week. My Foodie Box will be competing with Hellofresh and Marley Spoon, while it has a tie-up with the only distributor of Thermomix appliances in Australia.

CORPORATES
MY FOODIE BOX, HELLOFRESH AUSTRALIA, MARLEY SPOON AG – ASX MMM

Judo kicks in first bank float in 25 years

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Original article by Aleks Vickovich, William McInnes
The Australian Financial Review – Page: 15 : 2-Nov-21

Judo Capital Holdings’ shares closed at $2.26 on 1 November, compared with an issue price of $2.10. The owner of Judo Bank now has a market capitalisation of $2.5bn, making it Australia’s 162nd-biggest listed company. CEO Joseph Healy says Judo has a unique banking business model, and he emphasises that it does not regard itself as a fintech. Judo is focused on lending to small and medium enterprises, and it boasts a loan book worth around $4.4bn.

CORPORATES
JUDO CAPITAL HOLDINGS LIMITED – ASX JDO, JUDO BANK PTY LTD

Fund managers swamped as IPO hopefuls line up

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Original article by William McInnes
The Australian Financial Review – Page: 29 : 27-Oct-21

Judo Bank and SiteMinder are among the companies with a market capitalisation of more than $1bn that will debut on the Australian sharemarket in coming weeks. Martin Hickson of 1851 Capital notes that at least seven companies with a market value of $1bn-plus are pursuing IPOs in the December quarter. Asset manager GQG Partners made its sharemarket debut on 26 October after raising $1.3bn in an IPO; the stock shed 2.5 per cent to close at $1.95, giving it a market capitalisation of $5.8bn.

CORPORATES
JUDO BANK PTY LTD, JUDO CAPITAL HOLDINGS LIMITED – ASX JDO, SITEMINDER LIMITED – ASX SDR, GQG PARTNERS INCORPORATED – ASX GQG, 1851 CAPITAL PTY LTD

Investors pump billions into new companies as listings soar

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Original article by Richard Henderson
The Australian Financial Review – Page: 28 : 12-Oct-21

Data from Refinitiv shows that 121 companies have listed on the Australian sharemarket so far in 2021, compared with just 84 new listings in 2020. It is the highest level of listing activity since 2007, when 136 companies debuted on the local bourse. Some $6.7bn has been raised via IPOs during 2021, while the proposed floats of Judo Bank and GQG Partners would boost this by around $2bn. IPO activity was subdued earlier in the year, following the fallout from the ill-fated float of Nuix in late 2020.

CORPORATES
REFINITIV AUSTRALIA PTY LTD, JUDO BANK PTY LTD, GQG PARTNERS INCORPORATED – ASX GQG, NUIX LIMITED – ASX NXL