SYDNEY, April 11 (Reuters) - Australian plumbing services company Reliance Worldwide Corp plans to raise up to A$919 million ($692.6 million) in an initial public offering of shares, according to an offer document filed with the regulator on Monday.
This will make it the biggest IPO fund-raising since health insurer Medibank (MPL) raised A$5.7 billion in late 2014.
Reliance Worldwide Corp, which is riding a construction boom in the country, will offer 315-367.5 million shares at an indicative price range of A$2.27 to A$2.50, it said in an IPO prospectus.
JPMorgan and Macquarie are the joint lead managers of the IPO. ($1 = 1.3270 Australian dollars)
News: Australia's Reliance Worldwide to raise up to $693 mln in IPO
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Last
$5.07 |
Change
0.070(1.40%) |
Mkt cap ! $13.96B | |||
| Open | High | Low | Value | Volume |
| $5.01 | $5.08 | $5.00 | $16.62M | 3.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7876 | $5.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.09 | 2400 | 1 |
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| MPL (ASX) Chart |