WAM Microcap raises $154 million
Wilson Asset Management (WAM) Mircocap Limited has closed its initial public offering (IPO) oversubscribed as it raised $154 million.
WAM’s chief executive, Kate Thorley, said: “We have been overwhelmed by our shareholders’ strong support for WAM Microcap.
“We are pleased all shareholders who correctly applied under the WAM priority allocation will receive their full allocation.
“Unfortunately, other investors will be scaled back,” she said.
WAM Microcap was expected to start trading on the Australian Securities Exchange (ASX) on 28 June, under the code WMI.
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