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.
AUTHOR
Oksana Patron
Recommended for you
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.
Regal chief investment officer Philip King will step down from listed investment company VGI Partners Global Investments after the LIC reported a loss of $17.6 million for FY25.
Real asset commentators have shared what advisers should be considering when conducting their due diligence on the assets and how they can mitigate illiquidity for retail clients.
GQG Partners has announced net flows were down 28 per cent in the first half of 2025, with redemption pressure particularly hitting Australia.
