ASX aspirant InfoTrack has started taking pitches from investment banks ahead of a potential $500 million-plus listing this half, sources said.
ASX aspirant InfoTrack has started taking pitches from investment banks ahead of a potential $500 million-plus listing this half, sources said. As Street Talk revealed earlier this month, the conveyancing and legal services technology group had mandated Lazard Australia as independent adviser and was expected to appoint joint lead managers this quarter.
Despite dicey market conditions, the huge success of data companies like Veda Group and Link Group and positive initial feedback from fund managers has prompted InfoTrack to push ahead with an initial public offering.
InfoTrack is largely held by founder Christian Beck and management.
Elsewhere, Deutsche Bank is expected to appoint a successor to local chief James McMurdo this week. As previously noted by Street Talk, one option under consideration is giving McMurdo's Australian-based colleague Michael Ormaechea responsibility for Australia and New Zealand at a country level in addition to his role leading the firm's regional global markets business.
The delay in announcing a replacement has led to speculation another internal candidate, such as James Roth, may be tapped for the role.
