Deutsche Balaton in Germany, Lowell Resources Funds Management in Melbourne, and Jeremy Bond and Matt Langsford’s Terra Capital in Sydney.
That’s the well-regarded trio bidding for allocations in the initial public offering of VBX Limited, sole owner of the Wuudagu bauxite project in Western Australia.
Stockbroker Morgans is raising $10 million at 60¢ per share at a $40 million to $55 million pre-money valuation. The company would list with a $49.9 million market capitalisation, and books are due to shut on Thursday.
Read the full story tomorrow and more on the Street Talk page.
Blackbird has asked its investors for $60 million ahead of Airwallex’s late-stage capital raising, which is yet to be announced.
Best and worst
The sharemarket snapped a seven-day winning streak after a lacklustre earnings report by Westpac and a plunge in the oil price sent banks and energy stocks tumbling.
