GQG expected to raise $1.1b in ASX listing
Fund manager GQG Partners is expected to raise over $1.1 billion as it lists on the Australian Securities Exchange this week.
In an announcement on the ASX, the firm said official quotation of GQG’s CHESS depositary interests (CDIs) representing shares of common stock at a ratio of one CDI to one share of common stock would commence at 12.30 on 26 October on a conditional and deferred settlement basis.
It said it was expected GQG would raise $1,187,137,414 which would issue 593,568,707 CDIs to be settled at an issue price of $2 per CDI.
It would trade under the code GQG.
The float was first announced in mid-October following an announcement by its investor Pacific Current Group.
AUTHOR
Laura Dew
Recommended for you
Investment strategist Anthony Doyle has returned to Pinnacle in a senior role, less than two months after leaving to join Schroders as an investment director.
With Q1 of the 2025 calendar year coming to a close, the Australian funds management industry has seen a range of major appointments and departures.
Nearly half of wealth managers across the globe say offering access to private market funds is integral to their growth plans, Natixis Investment Managers has uncovered.
Boutique fund manager and responsible investment specialist Pella Funds Management has expanded its offering by allowing direct access to investors in New Zealand for the first time.
