VEEM IPO by EUROZ

I was informed that this could be similar to PWH. These guys apparently manufactured components for the Higgs Boson Project also. They have been around since 1967 or so and are highly regarded. If anyone else knows more please share. Cheers
PS: Certainly one to look for soon.

Euroz mandated on Veem float as IPO window opens
Sep 6 2016 at 12:15 AM Updated Sep 6 2016 at 12:15 AM Sarah Thompson , Anthony Macdonald , Joyce Moullakis
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Small cap fund managers are readying for the first chunky IPO out of Western Australia this year. And it is not a resources stock.
Small cap fund managers are readying for the first chunky IPO out of Western Australia this year.
Street Talk can reveal engineering company Veem is preparing a tilt at the ASX-boards and has mandated Euroz Securities to oversee the proposed initial public offering.
It's understood Veem plans to be out marketing its IPO before the end of the month, although it is still working through the prospectus and other necessary preparations with its advisers.
Veem is expected to be worth about $100 million. The company was founded as a small engineering services company in 1968 and has grown to design and manufacture a variety of marine propellers and other boat related products including stabilisers.
It's the kind of nuts and bolts business expected to catch the eye of small and micro cap managers, who have been told to expect the marketing program to get underway soon.
Fund managers are expected to test the defensiveness of its earnings and its exposure to the Australian dollar, which has surprised many investors to be trading at north of US75¢.
Veem is run by managing director Mark Miocevich and non-executive director John Miocevich.
It comes as small cap investors also prepare for the likes of Autosports Group and Murray River Organics, which are expected to be marketing their respective IPOs before the end of the month.
At the bigger end of the market, vendors and bankers are busy preparing Alinta Energy, Inghams Enterprises and Moly-Cop, in what looks like being a busy few months in equity capital markets.
The contenders are seeking to knock off Reliance Worldwide Corporation, Viva Energy REIT and Propertylink as the year's largest IPOs. Reliance has the title of most funds raised at $918.8 million.

Read more: http://www.copyright link/street-talk/#ixzz4JQdVHkU9
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