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B2B service advised on IPO and ASX listing
Melbourne-based business-to-business service Powerwrap Limited has been advised on its $17.4 million IPO and listing on the Australian Stock Exchange.
Jerome Doraisamy
Firm: Hall & Wilcox (Powerwrap); Bell Potter Securities Limited and Baillieu Limited (underwriters and joint lead managers of the IPO).
The transaction involved both a Retail Offer and Institutional Offer of both new and existing securities.
“Advising on the transaction, which involved a sell down facility for existing security holders, required extensive capital raising expertise and navigation of the complex financial services regulation applying to entities of this type,” the firm said.
Value: $17.4 million
Area: Corporate.
Key players: The Hall & Wilcox team was led by corporate partner John Hutchinson, who was supported by partner Adrian Verdnik and lawyers Vanessa Murphy and James Fisher.
Deal significance: Mr Hutchinson said: “We are delighted to have advised Powerwrap’s board and management on achieving this important milestone which provides a springboard to pursue its future growth opportunities.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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