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Damstra advised on IPO, ASX listing
Workplace management company Damstra Holdings Limited has completed its successful initial public offering and listing on the ASX, raising approximately $50 million at $0.90 per share.
Jerome Doraisamy
Firm: Gilbert + Tobin (Damstra), Morgan Stanley (sole lead manager of the IPO).
Area: Corporate advisory.
Value: $50 million.
Key players: The G+T team was led by partners Alex Kauye and Neil Pathak, who were supported by lawyers Bridget Sutton, Ciara Coleman, Sarah McArthur, Rose Burnfield and Matt Scrocca.
Deal significance: Speaking about the deal, Mr Kauye said: “We are delighted to have assisted Damstra in taking this critical step in the company’s evolution. It is great to see such strong support for a founder-led business, and to see another technology company join the ASX boards.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
You can email Jerome at:
