WAM Global IPO closes oversubscribed
The initial public offering (IPO) of WAM Global has closed oversubscribed ($466 million), exceeding its $330 million target, thanks to strong demand from existing investors.
Wilson Asset Management said it was the largest capital raising undertaken by the firm.
WAM and WAM Global’s chairman, Geoff Wilson, said the IPO attracted 12,855 investors, including more than 8,000 existing shareholders of WAM-listed investment companies.
“We look forward to providing WAM Global shareholders with exposure to a high-quality portfolio of undervalued international growth companies using our proven investment process, which has delivered solid risk-adjusted returns for more than 20 years,” he said.
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