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A newly listed investment company has been launched with advice from an international firm.
Firm: Ashurst (8IP Emerging Companies Limited)
Value: $58 million
Area: IPO
Key players: Ashurst consultant Stephen Menzies (pictured) lead the deal, along with Lisa Simmons and Con Tzerefos.
Deal significance: 8EC is a fund that will handle stocks with a relatively small market capitalisation.
According to a release by Ashurst, 8EC has proposed an IPO and listing on ASX as a listed investment company, whose investments will be managed by Eight Investment Partners Pty Ltd, including in relation to the preparation of a prospectus lodged with ASIC.
The offer involves the issue of new shares to raise up to $58 million (including oversubscriptions).
The prospectus was lodged with ASIC on 2 October.
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Felicity Nelson
