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)
Aug 13 (Reuters) - Australian fund manager Magellan Financial...
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Last
$10.54 |
Change
-0.340(3.13%) |
Mkt cap ! $1.812B | |||
| Open | High | Low | Value | Volume |
| $10.80 | $10.84 | $10.44 | $9.556M | 901.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $10.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.56 | 250 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |