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Workplace management company Damstra Holdings Limited has completed its successful initial public offering and listing on the ASX, raising approximately $50 million at $0.90 per share.
Firm: Gilbert + Tobin (Damstra), Morgan Stanley (sole lead manager of the IPO).
Area: Corporate advisory.
Value: $50 million.
Key players: The G+T team was led by partners Alex Kauye and Neil Pathak, who were supported by lawyers Bridget Sutton, Ciara Coleman, Sarah McArthur, Rose Burnfield and Matt Scrocca.
Deal significance: Speaking about the deal, Mr Kauye said: “We are delighted to have assisted Damstra in taking this critical step in the company’s evolution. It is great to see such strong support for a founder-led business, and to see another technology company join the ASX boards.”
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Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
