Mason Stevens’ IPO roadshow | Hoyts s uitor PEP lines up debt funding | Finder cons iders capital raise

Good evening,

Like Netwealth or HUB24? Meet Mason Stevens.

Fundies who invest in listed equities got their first taste of the IPO hopeful on Monday, as broker Barrenjoey handed out presentations and kicked off meetings.

Mason Stevens is pitching $43 million revenue and nine years of unbroken profitability. It’s much smaller than its already listed peers, but should be a welcome addition to the constipated IPO markets.

It was quiet on the deal front in listed markets on Monday, but things seemed to be ticking along happily in the private markets.

Pacific Equity Partners hasn’t lost its interest in cinema chain Hoyts, and was deep in conversation with potential financiers for its $700 million odd bid.

And Finder was talking to banks for a potential raising, which would more likely than not test its $770 million valuation from late 2021.

Lastly, NAB had a new exec in its corporate and institutional decision, and Magellan-backed FinClear picked up a bolt-on acquisition.

Happy reading,
Sarah Thompson, Kanika Sood and Emma Rapaport
Street Talk editors