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Dusk debuts $70m IPO
Herbert Smith Freehills has advised Dusk Group Limited on its initial public offering, raising $70 million.
Emma Musgrave
Firm: Herbert Smith Freehills (Dusk Group Limited)
Value: $70 million
Area: Equity capital markets
Key players: The Herbert Smith Freehills team advising dusk was led by partner Philippa Stone and senior associate Alex Mackinnon, who were assisted by solicitor Jessica Palazzolo and governance specialists, senior associate Lauren Selby and solicitor Jessica Ginberg.
Deal significance: The IPO was priced at $2.00 a share, raising $70 million for a $124.5 million market capitalisation (at the offer price), according to a statement from Herbert Smith Freehills.
Dusk is described as Australia’s leading omni-channel specialty retailer focused on home fragrance products, including candles, reed diffusers, essential oils, electronic diffusers and air purifiers, and fragrance related homewares.
“We are very pleased to have assisted dusk on what is a significant milestone in the life of the company," Ms Stone said.
"It was a great pleasure to work with the company and we look forward to continuing our relationship as they commence their life as an ASX-listed company.”
Mr Mackinnon added, “We congratulate the dusk team on this significant achievement. The IPO process went very smoothly, which was testament to the collaborative approach and hard work from everyone involved.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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