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
Schroders has appointed a new chief executive as Simon Doyle steps down from the asset manager after 22 years.
Distribution of private credit funds through advised channels to retail investors will be an ASIC priority for 2026 as it releases the results of its thematic fund surveillance and guidance for research houses.
State Street Investment Management has taken a minority stake in private market secondaries manager Coller Capital with the pair set to collaborate on broaden each firm’s reach and drive innovation.
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
