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.
Amid a growing backlog of superannuation and investment disputes, Shail Singh, AFCA’s lead ombudsman for investments and ...
The SMSF Association has reiterated its stance, asserting that the most equitable and efficient method for funding the ...
Despite industry-wide challenges, regional advice remains a growth area, thanks to its ability to meet local needs and ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin