Workspace solution company floats on ASX
Flexible office company Victory Offices has been advised on its listing on the ASX and successful IPO.
Firm: Hall & Wilcox (Victory Offices Limited)
Deal: Victory Offices Limited has been advised by Hall & Wilcox on its ASX listing and successful IPO.
Value: $30 million
Key players: Hall & Wilcox’s team was led by corporate partner John Hutchinson. Partner Natalie Bannister, special counsel Nik Dragojlovic, senior associate Jung Ryu and lawyers David Holland and Harry Croft all contributed.
Deal significance: Hall & Wilcox has called Victory Offices a leading company in Australia’s evolving flexible workspace industry, providing comprehensive serviced office packages and co-working spaces as an alternative to traditional office space.
Founded in 2013, the firm noted Victory Offices as operating in 19 locations across Melbourne, Sydney, Brisbane and Perth.
Hall & Wilcox’s team advised Victory Offices on all aspects of the IPO and ASX-listing process, it was noted.
The IPO was fully underwritten by Ord Minnett, and involved a retail offer and institutional offer of 15 million new securities, representing approximately 36.7 per cent of the shares on issue at the time of the ASX listing, Hall & Wilcox reported.
“Victory Offices is a highly successful innovative business and we are delighted to have advised on this transformational step which facilitates its future growth opportunities,” said partner John Hutchinson.