Plan B announces plan to go public
Boutique wealth management company Plan B has announced that it intends to publicly list on the Australian Stock Exchange.
The company announced today that it had lodged a prospectus with the Australian Securities and Investments Commission for an initial public offering (IPO) comprising 30 million shares at $1 each, with the offer being underwritten by Taylor Collison.
On completion of the offer, Plan B will have a market capitalisation of $74.9 million.
Plan B executive chairman Bryan Taylor said the company had a track record of profitable expansion over the past 20 years and the ASX listing represented the next logical step.
The company’s managing director, Denys Pearce, said the IPO would provide funds to acquire and integrate new businesses and leverage Plan B’s vertically integrated business model.
AUTHOR
Mike Taylor
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