Crowdfunder DomaCom to list today
The 700 shareholders at DomaCom are now looking to increase the crowdfunding platform's funds under management (FUM) based revenue, following its listing on the Australian Securities Exchange (ASX) today.
DomaCom chief executive, Arthur Naoumidis, said that the company had recently completed book-builds for properties across five states and had a further 59 planned for the company's expansion, along with a new project in far North Queensland.
"DomaCom has launched public crowdfunding campaigns for The Block apartments and completed 32 per cent of the book for a cattle station Pajingo in far North Queensland," he said.
Naoumidis said that the process to increase FUM-based revenue for the crowdfunder would now be helped on by the registration of asset allocation as managed investment schemes, which had the potential to attract the attention of planners.
"We have been working on other fractional model product ideas that will continue to give advice the products that meet the needs of their business and clients."
DomaCom would list as of 11:00am on Monday, 7 November.
AUTHOR
Hope William-Smith
Recommended for you
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years.
