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Major property IPO launched
Multiple firms have advised on Aventus Property Group’s ASX-listed IPO with a market cap of almost $700 million.
Lara Bullock
Firms: Allens (Macquarie Group); Herbert Smith Freehills (Aventus Property Group)
Value: $700 million
Area: IPO
Key players: The Allens team was led by partners Julian Donnan (pictured) and Robert Pick.
Deal significance: The float of Aventus Property Group was listed on the ASX last week, with a market capitalisation of close to $700 million. Macquarie was the sole lead manager for the IPO.
Partner and co-head of Allens’ capital market practice Julian Donnan said the Aventus IPO, along with the recent IPO of Link Administration Holdings, showed there were positive signs for the capital raising market in Australia.
“Both IPOs are significant and are strong evidence that, despite recent volatility, the capital markets remain robust for issuers with a strong underlying business,” he said.
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