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Damstra advised on IPO, ASX listing

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.

October 30, 2019 • By Jerome Doraisamy
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Gilbert + Tobin
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Firm: Gilbert + Tobin (Damstra), Morgan Stanley (sole lead manager of the IPO).

 
 

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Deal: Damstra has been advised by G+T on its IPO and listing on the ASX, which raised approximately $50 million.

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.

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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

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). 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.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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