E-conveyancer PEXA float re-scheduled for late 2018

E-conveyancer PEXA float re-scheduled for late 2018
E-conveyancer PEXA float re-scheduled for late 2018

The electronic property settlements provider PEXA aim to list on the ASX, has reportedly seen it asking investment banks to "pre-qualify" for a role in its slated $1 billion-plus initial public offering. 

The Australian Financial Review's Street Talk wrote PEXA's adviser, CITIC-CLSA, last week invited selected investment banks to express interest in running the IPO.

The PEXA chairman is Alan Cameron, founding head of the Australian Securities and Investments Commission.

The ownership group includes the big four banks, Macquarie Group, Link Administration Holdings, three state governments, and the former Toll Holdings boss Paul Little

Macquarie is PEXA's biggest shareholder with around a 25 per cent stake.

One-in-five settlements are now completed online via PEXA.

The float is slated for the December quarter.

 

Tags: 
Asx Macquarie Group

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