Good evening,

Liontown Resources is back in the news tonight.

Street Talk has caught the lithium explorer readying a $450 million raise with Macquarie Capital, Barrenjoey and Bell Potter.

Its plans are ambitious. It wants to produce lithium at a global scale from its WA site, within three years, and around the same time as shortages for the in-demand metal hit.

Throw in Liontown’s net-zero emissions promise, and investors seem to be willing to stump up the cash despite the stock’s eye-watering climb this year.

Over at AMP, watchers were thinking about its demerger plans for the private markets business.

While it’s too early to be throwing around market caps and valuations, investors are turning over two pieces of information in their minds.

Why should AMP retain a shareholding in the demerged entity, and why do its key investment staff need to be paid up to 12 per cent in equity?

Elsewhere, private equity firm Whiteoak has exited its stake in venue management software company Priava, and specialist financier MitchCap has picked up $34.5 million in a capital raise.

Happy reading,

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Street Talk editors