McGrath sets December 9 IPO date with $295 million capitalisation

Jonathan ChancellorNovember 2, 20150 min read

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 is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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