McGrath sets December 9 IPO date with $295 million capitalisation

McGrath sets December 9 IPO date with $295 million capitalisation
McGrath sets December 9 IPO date with $295 million capitalisation

The McGrath Ltd estate agency is seeking to raise $135 million for its initial public offering with the advising stockbrokers intending to run an institutional bookbuild on November 12.

It would see McGrath list on December 9 with a possible $295 million market capitalisation. 

JPMorgan and Bell Potter are joint lead managers. 

McGrath's owners intend to sell 31 million shares under the offer structure. 

The Australian's Dataroom reported the prospectus will be lodged on November 16.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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