Aug 13 (Reuters) - Australian fund manager Magellan Financial Group (MFG) on Tuesday said it is seeking to raise A$275 million ($185.6 million) through a placement of shares to cover costs related to an initial public offering of its main operating unit.
The billionaire Hamish Douglass led plans to launch an IPO of Magellan Asset Management in a new ASX-listed investment trust, it said in a statement. ($1 = 1.4815 Australian dollars)
News: MFG Australia's Magellan Financial Group to raise $186 mln for unit's IPO
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Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | $10.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.43 | 22131 | 1 |
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| Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |