Dixon Advisory parent lists on ASX
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.
by Reporter - May 15, 2018 5 comments
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.
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Along with Dixon Advisory, Evans Dixon operates though its other subsidiaries Evans and Partners and Walsh and Company.
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