VGI Partners Announces the Closing of VG8’s IPO

  • Oct 29, 2019 AEDT
  • Team Kalkine

VGI Partners Limited (ASX: VGI) announced the closing of the VGI Partners Asian Investments Limited (VG8) IPO, which raised ~$556 million.

  • The Asian investment strategy is only the second investment strategy to be launched by VGI Partners;
  • Based on the indicative raising size, VGI Partners expects to issue approximately 2.7 million Alignment Shares, being bonus fully paid ordinary shares in VGI Partners, to investors in the VG8 offer;
  • VGI Partners will also be meeting all costs of the VG8 offer, estimated to be ~$14.5 million.

At AEST 01:30PM, the stock was trading at $15.250, down by 3.7% from its previous close.

 

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