Evans Dixon, the parent company of non-bank financial advice firm Dixon Advisory, debuted on the ASX yesterday after it raised nearly $170 million in an IPO.
The newly listed company closed its first day of trading with a market capitalisation of $580.2 million – up 8.4 per cent from the listing price of $2.50 per share.
There were 3,604 shareholders at the beginning of Monday, with the top 20 shareholders representing 51.95 per cent of the register.
It was a lacklustre first day of trading, with only $136,231 worth of Evans Dixon shares changing hands.
The company raised $169.5 million pursuant to the offer under its replacement prospectus, dated 5 April.
Commercial law firm Minter Ellison advised Evans Dixon on the listing and IPO.
Along with Dixon Advisory, Evans Dixon operates though its other subsidiaries Evans and Partners and Walsh and Company.
The FAAA has expressed concern regarding one area of the first tranche of QAR legislation that could potentially impose ...
The FSC CEO will join a long line-up of renowned speakers at the inaugural summit. Blake Briggs, chief executive ...
Legislation tabled in Parliament on Wednesday has made some amendments to ongoing fee arrangements and consent ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin